Independent Power in Quantum Global tie-up

The UK’s Independent Power Corporation Plc (IPC) has launched a new power development company, QG Power Africa, in a joint venture with its existing partner, engineering consultancy Tomé International, and the $250m QG Africa Mezzanine LP investment fund managed by Quantum Global Group’s QG Investments Africa Management. Established to develop power plants across sub-Saharan Africa, QG Power will focus initially on Angola, Botswana, Mozambique, Uganda, Nigeria, Kenya and Ghana. QG Africa Mezzanine will support the joint venture as strategic investor, while Swiss-based Tomé will be responsible for project management and IPC for the development of the power assets.