InfraCo Africa signs a new developer services agreement with Aldwych Africa Developments Limited
30th May 2013
Aldwych was the winning bidder of a procurement process undertaken by InfraCo Africa in 2013 in line with EU procurement directives. Aldwych will develop early stage infrastructure projects up until financial close, in Sub-Saharan Africa, on behalf of InfraCo Africa.
InfraCo Africa also renewed the developer services contract of its existing principal developer team, eleQtra, in May 2013.
The appointment of Aldwych follows InfraCo Africa’s strategy of contracting with multiple developer teams, to undertake pre-financial close project development in Sub-Saharan Africa. In addition to funding developer teams on a long term basis; InfraCo Africa also co-funds directly into infrastructure projects in Sub-Saharan Africa where a lead project developer is already in place, as co-investments.
“With the appointment of Aldwych and our drive towards increased co-developments, InfraCo Africa can increase its impact on poverty alleviation in sub-Saharan Africa by developing infrastructure projects with the private sector which will have a material impact on people and economic growth .” Brian Count, Chairman, InfraCo Africa
Tapping the potential of water
This project will construct a dam and 160MW hydroelectric power plant on the Pungué River in Central Mozambique. Mozambique is vulnerable to climate change, experiencing frequent floods and droughts that coupled with power deficits are constraining its economic development. This project will tap into the country’s significant hydro potential to generate clean power and dampen fluctuations in downstream river flows.