London, 17 June 2014 – InfraCo Africa is pleased to announce the award of a multi-year developer services agreement to Aldwych Africa Developments Limited (Aldwych). Aldwych was the winning bidder of a procurement process undertaken by InfraCo Africa in 2013 in line with EU procurement directives. Aldwych will develop early stage infrastructure projects up until financial close in Sub-Saharan Africa on behalf of InfraCo Africa.

InfraCo Africa also renewed the developer services contract of its existing principal developer team, eleQtra, in May 2013.

The appointment of Aldwych follows InfraCo Africa’s strategy of contracting with multiple developer teams to undertake pre-financial close project development in Sub-Saharan Africa. In addition to funding developer teams on a long term basis, InfraCo Africa also co-funds directly into infrastructure projects in Sub-Saharan Africa where a lead project developer is already in place as co-investments.

About:

InfraCo Africa, a publicly funded infrastructure development company forming part of the Private Infrastructure Development Group (PIDG), was established in 2004 to support the identification and development of infrastructure investments and attract increased private sector investment in frontier markets in Sub-Saharan Africa. InfraCo Africa funds development costs of projects up to financial close by outsourcing business development activities to third party developers, whether through a services contract or as a co-investment. InfraCo Africa seeks to exit projects at financial close by bringing in a private sector investor. InfraCo Africa has been capitalised with US$126m of PIDG member funding to date with future funding commitments in place.

Aldwych was established in 2004, for the purpose of developing, owning and operating power generation, transmission and distribution projects in emerging economies, primarily Africa. Aldwych is majority owned by the Pan African Infrastructure Development Fund. The Aldwych management has a long history of international power industry experience and has successfully financed or re-financed over 20 power projects worldwide totalling over 11,000MW and US $3.75bn, in both the developed and the developing world. Aldwych is committed to supporting the economic and social development of the countries in which it invests, by delivering the power they need in a sustainable and affordable manner and in a spirit of partnership and cooperation.

Signing of a MOU with the Ministry of Natural Resource, Energy and Mining in Malawi for the development of a hybrid Solar/HFO power plant

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Signing of a MOU with the Ministry of Natural Resource, Energy and Mining in Malawi for the development of a hybrid Solar/HFO power plant’
Signing of a MOU with the Ministry of Natural Resource, Energy and Mining in Malawi for the development of a hybrid Solar/HFO power plant’
Signing of a MOU with the Ministry of Natural Resource, Energy and Mining in Malawi for the development of a hybrid Solar/HFO power plant’