Guinea: InfraCo commits $3.1m to solar project

InfraCo Africa, part of the Private Infrastructure Development Group, announced on 15 January that it has committed $3.1m to the 40MW Khoumagueli solar photovoltaic (PV) project. The commitment came with the signing of a joint development agreement with Solvéo Guinea Renewable Energy – the project company – and its owners Solvéo Energie SAS and Solvéo International Investments, both part of Solvéo Group. InfraCo Africa will take a 45% stake in the project, which is targeting financial close in Q1 2019 and commercial operations in Q1 2020, with the remainder held by Solvéo.