African Infrastructure Investment Managers (AIIM) entered into an industrial partnership with Hydroneo Afrique, a wholly-owned subsidiary of MECAMIDI, an established global manufacturer and developer of small and medium hydropower plant equipment, to develop a pipeline of hydropower plants across Africa.
The AIIM/Hydroneo partnership will facilitate the development of a pipeline of small and medium hydro power plants in Cameroon, Cote d’Ivoire, Gabon, Ghana, and Mozambique.
The two companies intend to establish a 50/50 JV that will develop, finance, build, own and operate a number of small and medium hydropower plants in Africa. With a total investment of approximately $500 million, these projects are expected to represent an installed capacity of 200 MW over the next five years.