In brief
The project involves modernising the energy supply infrastructure in (T-ESCO-contracts) Lebanon and Guinea. With financing from Finnfund, DEG, Proparco and the European Investment Bank, IPT will modernise the energy supply infrastructure in Lebanon and Guinea. The hybrid solution utilising solar panels and storage media will save up to 40% of energy and reduce diesel consumption significantly.
Main development impact
The investment significantly reduces diesel consumption, the associated maintenance costs, and CO2 emissions, improving network service quality and generating new high-skilled employment opportunities for local workforces in fragile countries.Investment details
| Name: | IPT Powertech |
|---|---|
| Project number: | 80000167 |
| Region: | Middle East, Africa |
| Country: | Lebanon, Guinea |
| Sector: | Digital infrastructure and solutions |
| Signing date (month/year): | October 2019 |
| Currency: | USD |
| Finnfund's financing (commitment): | 10,000,000 |
| Instrument: | Loan |
| Size of the project financing: | USD 115,000,000 |
| Share of Finnfund's financing (%): | 9 % |
| Status: | Active |
| Website: | http://www.iptpowertech.com/ |
Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.
Other investments
| Name | Country | Signing date (month/year) | Currency | Finnfund's financing (commitment) | Instrument |
|---|---|---|---|---|---|
| IPT Powertech | International | May 2024 | USD | 15,500,000 | Loan |
