AIIM Partners with Hydroneo Afrique to Develop Hydro Power Plants (Sub-Saharan Africa)

Source: African Infrastructure Investment Managers

Africa-focused private equity infrastructure fund manager African Infrastructure Investment Managers (AIIM) has partnered with Hydroneo Afrique, a subsidiary of global hydro power plant equipment manufacturer MECAMIDI, to develop a pipeline of hydro power projects in Sub-Saharan Africa. AIIM and Hydroneo Afrique will establish a 50/50 joint venture to develop, finance, build, own and operate a number of small and medium hydro power plants in Cameroon, Cote d’Ivoire, Gabon, Ghana and Mozambique. Total investment in these projects is expected to reach approximately US$500 million over the next five years.