Power projects: huge potential, but don’t expect fast returns

For eight years, private firm eleQtra has managed projects for InfraCo Africa, an investment group affiliated with the Private Infrastructure Development Group, a group of European countries plus the World Bank that work to boost infrastructural development in hard-to-reach markets. eleQtra managing director Richard Parry told African Energy InfraCo currently has power projects in Cape Verde, Senegal, Zambia and Ghana, and is working with mining company Rio Tinto to provide electricity to the Guinean town of Beyla through a 1MW hydro power plant on the Cessou River.