Mozambique: Solar funding
Issue 348
- 16 Jun 2017
| 1 minute read
The Emerging Africa Infrastructure Fund (EAIF), part of the Private Infrastructure Development Group, has signed a participation agreement with the International Finance Corporation (IFC) to provide a $16.9m B loan to Central Solar de Mocuba (Cesom), the private sector developer of the 40MW Mocuba solar farm in Zambézia Province of northern Mozambique. In addition, EAIF is directly providing a $7m viability gap funding grant for the project raised from the PIDG’s Technical Assistance Facility.
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