TYPE OF FUNDING: Project Finance (Debt and Equity)
LOCATION OF THE COMPANY: Sierra Leone
VOLUME: USD 60 Million

DESCRIPTION OF THE CLIENT:
Our client is a diversified global conglomerate with a presence across Renewable Energy, Education, Mining, Agriculture, and Wellness sectors. They have a large presence across Africa and the Middle East. Our client participated in the bid and won the same to develop a 50 MW capacity solar PV project at various locations in Sierra Leone.

OTHER KEY POINTS:
* The project duration is 21 years with 1 year in construction and 20 years in operation and maintenance
* The project IRR is estimated at 11.25% and the Equity IRR at 14.1%.
* The debt borrowing tenor is 12 years from the date of disbursement.