PROJECT

Projects

Summary of Investment Information

Project Number

43339

Company Name

ZENER SA

Date SPI Disclosed

May 10, 2022

Country

Togo

Region

Africa

Projected Board Date

Jun 16, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 10, 2023

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : Jun 21, 2022
Signed : Jun 29, 2022
Invested : Sep 8, 2023

Sector

Other Steel Products (Including Wire, Metal Sheets etc.)

Project Description

Zener SA (Zener or the Company) is a full-service, integrated energy provider operating in Togo, across the LPG full value chain with the only seaborne LPG import facility for end-user distribution to industrial, commercial, and residential (urban and rural) markets, as well as export. The proposed investment is up to EUR 7 million (m) IFC A loan and mobilization of up to EUR 14m in Parallel loans, to finance (i) Zener’s LPG terminal capacity expansion and (ii) support the establishment of five gasoline retail stations for the distribution of white products, solar kits, and LPG bottles exchange (“the Project”).                      

Associated Advisory Engagement

A technical and needs assessment of the cylinder manufacturing facility in Blitta, and an independent market study of the LPG market in Togo were undertaken to support the review of the Project by IFC.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation