PROJECT

Projects

Summary of Investment Information

Project Number

36845

Company Name

MAINSTREAM RENEWABLE POWER AFRICA HOLDINGS LTD

Date SPI Disclosed

Aug 7, 2015

Country

Africa Region

Region

Africa

Projected Board Date

Oct 29, 2015

Environmental Category

A - Significant

Status

Active

Last Updated Date

Nov 30, 2016

Department

Regional Industry - INF Africa

Industry

Infrastructure

Previous Events

Approved : Jun 3, 2016
Signed : Jun 23, 2016
Invested : Jul 20, 2016

Sector

Renewable Energy Holding Companies

Project Description

The proposed project is an equity investment of up to US$40 million in Mainstream Renewable Power Africa Holdings Limited (the Company), which has been established by Mainstream Renewable Power Limited (Mainstream or the Sponsor) with the sole purpose of holding a direct 40% interest in a pan-African renewable energy platform, Lekela Power B.V (Lekela), itself a 40:60 joint venture between Mainstream and Actis Capital LLP (Actis), a private equity firm focused on emerging markets. Lekela expects to deliver 1GW of utility-scale wind and solar projects in Africa over the next five years.

Associated Advisory Engagement

There is no advisory services engagement associated with this project.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation