British International Investment plans $200mln investment in Africa hydropower

  • 📰 SowetanLIVE
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

South Africa News News

The UK government's development finance institution British International Investment plans to invest $200mln in a joint project with Norway's Norfund to construct at least three hydroelectric power projects in Africa.

The two institutions will equally split a 49% shareholding in a joint venture with Norway's Scatec ASA for the projects, BII said in a emailed statement.The UK government's development finance institution British International Investment plans to invest $200mln in a joint project with Norway's Norfund to construct at least three hydroelectric power projects in Africa, BII said on Thursday.

The two institutions will equally split a 49% shareholding in a joint venture with Norway's Scatec ASA for the projects, BII said in a emailed statement. These will include the planned 205 megawatt Ruzizi III hydroelectric plant to supply electricity to Rwanda, Burundi and Democratic Republic of Congo, the 120MW Volobe hydropower plant in Madagascar, and Malawi's 350MW Mpatamanga project, BII said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You're indeed a great man.I assure you that I will bring more clients to you because of what you've done in my life, I promise to let the word know about your company investment.Your work speaks volumes of the kind of man you are, Thank you so much for the profit MarcusJailson5

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK announces electric vehicle skills investment in South AfricaThe UK has announced R3.7 million (£190,000) in funding for new skills development across South Africa for jobs in the fast-growing electric vehicle sector. Ha ha! We are in the dark due to stage 3 loadsh::::::!,,
Source: BusinessTechSA - 🏆 24. / 61 Read more »

The startup ecosystems in Africa are an 'overlooked investment opportunity' – VC fund | Businessinsider“Africa’s internet economy is one of the largest overlooked investment opportunities available,' Accoring to the IFC and Google. Factors like a rapidly expanding population, a rising middle class, young urban citizenry entering the work force at scale, and increased connectively were providing a lot of opportunities.
Source: BISouthAfrica - 🏆 34. / 51 Read more »