PROJECT

Projects

Environmental & Social Review Summary

Project Number

49095

Company Name

IPI Group Holding Limited

Date ESRS Disclosed

Jan 9, 2025

Country

Africa Region

Region

Africa

Last Updated Date

Feb 28, 2026

Environmental Category

B - Limited

Status

Active

Previous Events

Approved : Apr 29, 2025
Signed : Jan 28, 2026
Invested : Feb 25, 2026

Sector

Engineering Services

Industry

Telecommunications and Technology

Department

Regional Industry - INF Africa

Project Description

IPT PowerTech (“IPT” or “the company”) is a leading telecom energy service company (T-ESCO) and energy systems integrator operating in the Middle East and Africa, with current operations across nine primary subsidiaries (https://iptpowertech.com/index.php). In the role of a T-ESCO, IPT designs, sources, operates, and maintains energy solutions for telecoms operators, including mobile network operators (MNOs) and tower companies, thus eliminating energy-related capital expenditure, and reducing operating expenditure for telecoms operators. This business line accounts for about one third of IPT’s business with the company operating over 10,000 sites across Lebanon and Guinea.

As a component of the company’s growth strategy, IPT is looking to expand their current T-ESCO business line to Liberia, Sierra Leone and Ethiopia. To support this strategy, IFC is proposing a debt financing package to IPT of up to US$ 45 million, consisting of both an A loan and further mobilization as required. IFC’s use of proceeds will be limited to the proposed Liberian, Sierra Leonean and Ethiopian T-ESCO operations.

Overview of IFC's Scope of Review

IFC’s review of the project included a desktop review of IPT’s existing environmental and social (E&S) policies and procedures applicable across existing subsidiaries in Nigeria, Lebanon and Guinea. This included policies and procedures related to the company’s Integrated Management System (IMS), including areas related to environmental management, human resources (HR), and occupational health and safety (OHS) among others.

IFC’s review also included in-person engagement in Dubai, United Arab Emirates, with the IPT management team, including the Chief Operating Officer, T-ESCO General Manager, Chief Strategy Officer, Environmental Manager, and HR Manager. Additionally, IFC conducted a virtual tour of two IPT sites in Guinea to further understand the implementation of the business model and environmental management approach.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan