InfraCo Africa wins prestigious industry award
4th May 2017
Durban, South Africa InfraCo Africa was delighted to be recognised as the ‘African Investor (Ai) African Project Development Financier of the Year 2017.’ The Ai Infrastructure Project Developer Awards are designed to recognise and reward excellence amongst Africa’s project developers to a pan-African and global infrastructure investment audience. The award recognises InfraCo Africa’s excellence in delivering infrastructure project finance in sub-Saharan Africa.
InfraCo Africa’s purpose is to alleviate poverty by mobilising private sector finance and expertise to deliver infrastructure projects in sub-Saharan Africa to the highest standards. The Ai Award recognises the quality and relevance of InfraCo Africa’s work which sets a standard for infrastructure project development and financing in the region. Dedicated to upholding and sharing industry best practice, InfraCo Africa achieved Lloyds Register Quality Assurance (LRQA) certification in 2017, acknowledging its commitment to anti-bribery and corruption practices. The company also became co-chair of new industry body, the African Infrastructure Development Association (AfIDA), which seeks to embed the highest standards across sub-Saharan infrastructure development.
‘Africa investor is delighted to provide the Ai African Infrastructure Projects Developer Awards platform to assist in raising Africa’s infrastructure investment profile worldwide. The Awards also highlight the important role developers and financiers play in providing the essential infrastructure required to increase the continents global trade and investment competitiveness.’ Hubert Danso, CEO and Vice Chairman of African Investor
Green growth powered by the earth's core
The Corbetti project will initially develop up to 70MW of geothermal power before gradually mobilising a further US$2billion in foreign direct investment to increase installed capacity to 500MW. This pioneering project will be situated on a greenfield site, prove a new geothermal resource and be not only the first geothermal IPP in Ethiopia but also only the second in sub-Saharan Africa.