QG Power Africa Formed to Develop Power in sub-Sahara Africa
Wednesday April 12, 2017  Printer Friendly Email this article

A new JV has emerged to develop power assets in sub-Sahara Africa, QG Power Africa (QGPA). The JV was established by QG Africa Mezzanine LP, an investment fund managed by QG Investments Africa Management Ltd. (QGIAM), with Tomé International Ltd. (Tomé) and Independent Power Corporation PLC (IPC).  

QG Africa Mezzanine LP will support this JV as strategic investor; Tomé will be responsible for project management and IPC for the development of the power assets.

The first phase will focus on the power sector in Angola, Botswana, Mozambique, Uganda, Nigeria, Kenya and Ghana.

Welcoming this partnership and the launch of QGPA, Milko Skoro, Managing Director, Head of Structuring, commented: “The joint venture arrangement of QGPA is based on an exceptional match of capabilities and expertise of the involved parties to conceive and develop power projects across the sub-Saharan region. Tomé and IPC’s track record and the newly created platform for further growth were highly attractive to QG Africa Mezzanine LP. We look forward to contributing to close the infrastructure gap and support national growth plans with successful power assets in a number of African markets.”

The rationale behind this investment, beyond generation of solid returns, is the infrastructure sector’s substantial potential for job and wealth creation and local supply chains that positively impacts national economies. Commercial infrastructure projects in sub-Saharan Africa currently show unparalleled potential and resilience against the perceived risks associated with the African continent.

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