Ethiopia: Thierry Déau of Meridiam and Icelandic partner secure guarantee for Tulu Moye
Through its joint venture, the two investors obtained a MIGA guarantee for their equity contributions to the future Tulu Moye geothermal power station.
29/03/2021 at 16h50, by Africa Business+
After several years of study and negotiations in Paris, Washington and Addis Ababa, it has emerged that the Tulu Moye plant will benefit from the World Bank‘s Multilateral Investment Guarantee Agency (MIGA) program. The guarantee, granted in mid-March, will cover investments worth $67.5 million. The component parts covered are equity and quasi-equity investments on Tulu Moye Geothermal Operations Plc (TMGO), the project leader.
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