AIIM, Hydroneo Afrique to establish joint venture
Issue 307
- 11 Sep 2015
| 1 minute read
African Infrastructure Investment Managers (AIIM), a subsidiary of Macquarie and Old Mutual Investment Group, and Hydroneo Afrique, a subsidiary of French hydropower developer Mecamidi, have announced plans for a 50:50 joint venture to develop around $500m of hydroelectric power plants in Africa of up to 200MW. The joint venture will develop, finance, build, own and operate small power projects with a focus on Cameroon, Côte d’Ivoire, Gabon, Ghana, Guinea and Mozambique.
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