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Nigeria: IFC considers funding for Mainstream

The International Finance Corporation (IFC) is considering providing and arranging up to $253m in financing for Mainstream Energy Solutions Limited, the concessionaire of the Kainji and Jebba hydropower plants on the Niger River. IFC’s proposed investment will include a senior loan facility (IFC A Loan) of up to $132m and mobilising convertible debt of up to $121m.

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African Energy Gulf States Newsletter