Zambia: GreenCo reaches first close with InfraCo and IFU

Issue 427 - 19 Nov 2020

Intermediary offtaker Africa GreenCo Group has reached its first financial close following investments by InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), and the Investment Fund for Developing Countries (IFU). The milestone allowed GreenCo to submit a formal licence application to trade energy to Zambia’s Energy Regulation Board at the end of October. It also allows the company to kickstart preparations for operations in Zambia through GreenCo Power Services.

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