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InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), announced on 20 July that it had signed an agreement with Joule Africa to invest $6m in the 143MW Bumbuna II hydropower project. The funding is part of a package designed to push the project to financial close. InfraCo said construction was expected to begin next year.Joule Africa has been developing Bumbuna II since 2011.