Camco, Eiser to help run Africa fund
Camco Clean Energy and Eiser Infrastructure Partners have been chosen by investment outfit Green Africa Power (GAP) as advisors for a new African renewables fund.
Through the tie-up, Camco and Eiser will manage projects eligible for finance by GAP, which is set up to provide long-term loans to privately-owned renewable power generation projects in under-developed countries in Africa.
"The Camco team is honoured to support such a strategic initiative focused on unlocking the development of renewable energy projects across Africa," states Camco chief executive Scott McGregor.
GAP aims also to influence the policy environment for financing of renewable energy projects in each country in which it operates.
World Bank figures suggest only 24% of the population of sub-Saharan Africa has access to electricity and almost half of the continent's of 54 nations in Africa are in "energy crisis".