RIVERBLADE HOLDING B.V.
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Riverblade Holding BV is envisaging to develop two small river-based hydro stations with a total capacity of around 6MW, providing access to energy to around 20,000 people in Sierra Leone.
What is our funding objective?
The objective is to finance 50 percent of the feasibility study. The target of the feasibility study is to assess the bankability, technical feasibility and E&S impact of the river-based hydro stations. The study will determine the location(s) of the first two hydro's out of 5 potential locations.
Why do we fund this investment?
FMO funded this project as it provide long-term sustainable energy in SSA countries. With an installed capacity of only 83MW Sierra Leone is in great need of electricity and private investment. Access to electricity in Sierra Leone is restricted to the main urban centers and even there rather limited. Riverblade’s river-based hydro stations 2X3MW provide access to clean electricity to approximately 20,000 people.
- Region
- Africa
- Country
- Sierra Leone
- Sector
- Energy
- Effective date
- 6/9/2016
- Total FMO financing
- EUR 0.20 MLN
- Funding
- AEF-I