Media Coverage

Impakter | Sarbinder Singh - P4G | Ana Hajduka - Africa GreenCo

How Multistakeholder Partnerships Can Deliver SDG Progress

A Case Study on P4G Partnership & Africa GreenCo. Last month, the World Resources Institute launched a landmark new report, “A Time for Transformative Partnerships” that outlines success factors critical to the growth and implementation of multistakeholder partnerships driving progress on the SDGs. ..
Zambia Daily Mail | Staff Writer

Chikwanda nods GreenCo entrance in power sector

ENERGY expert Johnston Chikwanda says the entrance of GreenCo Power Services into the electricity off-taking market will ease the burden on Zesco Limited, which has been the only offtaker of power from independent power producers (IPPs)...

Convergence Design Funding Grantee Africa GreenCo Becomes Operational with USD 1.5 Million Investment

In 2017, Convergence awarded a design-stage grant to Africa GreenCo, for the design of an intermediary off-taker and aggregator of renewable energy projects across Sub-Saharan Africa, to attract private sector investment. In late October of this year, Africa GreenCo with its Lusaka-based operating company GreenCo Power Services (together GreenCo), received an investment of USD 1.5 million from Denmark’s Investment Fund for Developing Countries (IFU) and Private Infrastructure Development Group’s InfraCo Africa (InfraCo), completing GreenCo’s operational establishment in Lusaka as an intermediary renewable energy buyer/supplier and power services provider. It is anticipated this is a precursor to the 2021 capitalization of GreenCo's support for independent power projects...
Further Africa | Staff Writer

Going green: US$1.5M power-up for Zambia’s GreenCo Power Services

GreenCo Power Services, a subsidiary of Africa GreenCo has received a total of US$1.5M through two deals. The Danish government’s Investment Fund for Developing Countries (IFU) has committed US$1M in funding. InfraCo Africa, the investment arm of the Private Infrastructure Development Group also put in US$500k through a convertible loan...
Energy Mix Report | Staff Writer

InfraCo and IFU fund GreenCo for renewable energy in Zambia

Africa GreenCo Group has just received US$1.5 million from InfraCo Africa, a company of the Private Infrastructure Development Group (PIDG), as well as from the Danish government’s Investment Fund for Developing Countries (IFU)...

Africa GreenCo to scale up private investments in renewable energy in Africa

High risk is one of the major impediments to the scaling up of private investment in renewable energy in sub-Saharan Africa. An innovative new corporate business model, Africa GreenCo, offers to mitigate risk by acting as a creditworthy off-taker for Independent Power Producers. IFU has committed DKK six million to finance part of Africa GreenCo’s development cost...
Afrik21 | Jean Marie Takouleu

ZAMBIA: InfraCo and IFU fund GreenCo for renewable energy

Africa GreenCo Group has just received US$1.5 million from InfraCo Africa, a company of the Private Infrastructure Development Group (PIDG), as well as from the Danish government's Investment Fund for Developing Countries (IFU). Through its subsidiary GreenCo Power Services, the company buys and resells electricity generated from renewable sources...

P4G Partnership Africa GreenCo Announces the Operationalization of a New Business Model to Scale Renewable Energy in Zambia

P4G Partnership Africa GreenCo (GreenCo) announced this week the investment of USD 1.5m by Denmark’s Investment Fund for Developing Countries (IFU) and Private Infrastructure Development Group’s InfraCo Africa (InfraCo). This investment completes the partnership’s operational establishment in Lusaka as an intermediary renewable energy buyer/supplier and power services provider...
Pumps Africa | Anita Anyango

InfraCo Africa signs convertible loan agreement with GreenCo

InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a convertible loan agreement with Africa GreenCo Group (GreenCo) to progress an innovative approach to building Zambia’s renewable energy capacity...
Africa Global Funds | Staff Writer

InfraCo Africa signs CLA with GreenCo

InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a convertible loan agreement with Africa GreenCo Group (GreenCo) to progress an innovative approach to building Zambia’s renewable energy capacity...
InfraCo Africa | Staff Writer

Adopting an innovative approach to powering Zambia’s future

InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Convertible Loan Agreement with Africa GreenCo Group (GreenCo) to progress an innovative approach to building Zambia’s renewable energy capacity. InfraCo Africa has leveraged US$500,000 of funding from PIDG Technical Assistance (PIDG TA) to support wider work to develop the initial operational capability of GreenCo’s Lusaka-based company, GreenCo Power Services...
Forbes | Ken Silverstein

Public-Private Partnerships Aim To Build Clean Energy Projects In Africa

At least 500 million are living in Africa without access to electricity. The continent needs billions for clean energy projects. One idea is to form a creditworthy intermediary that supports regional market integration and that creates scale to bring down green energy prices. ..

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