PROJECT

Projects

Summary of Investment Information

Project Number

43407

Company Name

ENCLAVE POWER COMPANY LIMITED

Date SPI Disclosed

Apr 28, 2022

Country

Ghana

Region

Africa

Projected Board Date

Jun 23, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Feb 3, 2023

Department

Regional Industry - MAS Africa

Industry

other

Previous Events

Approved : Jun 16, 2022
Signed : Jun 29, 2022
Invested : Feb 1, 2023

Sector

other

Project Description

 The Project will provide financing to Enclave Power Company Limited (“EPCL” or “the Company”) to increase the attractiveness of the Tema Free Zones Enclave (“Tema FZ”) and Dawa Industrial Zone (“Dawa IZ”) by building (i) a 16.8 MWp capacity roof-top solar installation in Tema FZ (the “Solar Plant”), and (ii) the first phase of a water treatment plant in Dawa (the “Water Plant”) (together the “Project”). The Solar Plant and Water Plant will be implemented by Helios Solar Company Limited (“HSC”) and Southern Water Company Limited (“SWC”), respectively.

EPCL is a private power distribution company and a subsidiary of LMI Holdings. It is responsible for distributing about 51.31 MW (Peak Average for 2021) of power purchased from the Volta River Authority to over 80 multinational and local manufacturing companies.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation