The French company Hydroneo East Africa has signed an agreement with the investment consultancy Finergreen for a $1 million loan to develop the Mpanda hydroelectric project in Burundi. The plant, which will have a capacity of 10.2 MW, will reach financial close in 2022.
Good news about the Mpanda hydroelectric project in Burundi. Its developer, Mpanda Hydro Power, owned by Hydroneo East Africa, has just signed an agreement with Finergreen, an investment advisory firm dedicated to renewable energy. The two partners have signed for a $1 million loan to finance development activities leading to financial closure of the project scheduled for 2022.