Africa50 invests US$366m in Genser Energy Ghana Ltd
Genser Energy Ghana Limited has achieved financial close for a US$366m funding package including a new syndicated senior loan facility of US$230m, a mezzanine loan, and preference shares.
The senior loan facility was financed by a consortium of South African banks comprising of Standard Bank, Nedbank and the Development Bank of Southern Africa, alongside the Barak Fund, who was an existing lender to GEGL. As part of the structure, Barak has also funded a mezzanine tranche.
In addition, Genser Energy Holdings Limited, the Mauritius registered holding company closed a preference share investment from Africa 50.
GEGL was advised in this transaction by Northcott Capital Limited.
Country updates
-
-
November 08, 2019
Seriti Resources concludes acquisition of 91.8% shareholding in South Africa Energy Coal
Seriti Resources has concluded an acquisition agreement with South32 to acquire South 32’s 91.835% shareholding in South Africa Energy Coal (SAEC). Located in the coalfields of Mpumalanga, SAEC...
Read more -
November 06, 2019
Enel Green Power begins construction of two 140 MW wind farms in the Karoo Hoogland District
Enel, through its renewable subsidiary Enel Green Power, has started construction in South Africa of its Karusa and Soetwater wind farms, with an installed capacity of 140 MW each. The plants, which a...
Read more -
October 17, 2019
AfDB, Climate Investment Funds, Coalition for Green Capital to develop Green financing instruments for Africa
The African Development Bank, in partnership with the Climate Investment Funds (CIF), has commissioned the Coalition for Green Capital (CGC) to prepare a study on the creation of national climate chan...
Read more -
October 14, 2019
Federation AM invests 18.4% in Windlab Ltd.
Federation Asset Management has agreed to acquire an 18.4 percent interest in Windlab Limited. Windlab is a publicly listed wind energy development company with operations across Australia, Southern...
Read more -
September 26, 2019
Tata Power Subsidiary to exit 50% ownership of Cennergi
Khopoli Investments Ltd. (a 100% subsidiary of Tata Power) has executed a Share Purchase Agreement with Exxaro Resources Ltd. for the divestment of the company’s entire 50% stake in Cennergi, a...
Read more
