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Ghana’s Genser Energy raises $366m for off-grid power supply

Genser Energy Ghana Ltd announced in December that it had reached financial close on a $366m financing agreement that will fund the expansion of its business in Ghana. The transaction funds the expansion of existing plants and the company’s gas pipeline network, as well as new projects that have signed power purchase agreements.The package comprises a $230m syndicated loan alongside a mezzanine loan and preference shares. South Africa’s Standard Bank and Nedbank, the Development Bank of Southern Africa and existing lender Barak Fund SPC Ltd financed the senior loan.

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