Congo Energy Solutions Ltd (CESL/Nuru) banks on $10m from the IFC for hybrid mini grids
The Mauritian-registered holding run by Jonathan Shaw hopes to tie up a $60m-financing package to develop its off-grid projects in the Democratic Republic of Congo.
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▪ Congo Energy Solutions Ltd (CESL/Nuru) banks on $10m from the IFC for hybrid mini grids
▪ The Mauritian-registered holding run by Jonathan Shaw hopes to tie up a $60m-financing package to develop its off-grid projects in the Democratic Republic of Congo.
▪ https://www.africabusinessplus.com/en/815168/congo-energy-solutions-ltd-cesl-nuru-banks-on-10m-from-the-ifc-for-hybrid-mini-grids/
Jonathan Shaw, founder and CEO of Nuru, an electricity provider, told Africa Business+: “We have reached the final approval stage with investors, which include the International Finance Corporation and other minority shareholders including Proparco, E3 Capital, Renewable Energy Performance Platform (REPP) and Gaia Impact Fund. The announcement should be made in April”.
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