JCM Salima UK Ltd
Status: Approved investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
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
JCM Salima UK Ltd is a FMO client and a company incorporated in the U.K. it is 75% owner of JCM Matswani Solar Corp Ltd, a Malawi Special Purpose Vehicle established for the development of a 60 MWac solar PV plant located in the Salima district of Malawi. Infraco Africa Ltd owns the remaining 25% of the Project Company. The project was developed by InfraCo Africa, JCM Power and Matswani Capital.
What is our funding objective?
The objective of this project is to assess how local ownership of renewable energy projects can be catalyzed to serve as a mechanism for having a long-lasting sustainable impact in the host country and contribute to a responsible exit for DFIs. The consultant for this project will collect best practices from emerging markets and identify how the use of e.g trusts but also other mechanisms contribute to the goal of localizing ownership in the RE sector.
Why do we fund this investment?
By partnering with JCM Power on this important topic, FMO and JCM take a leading role in identifying opportunities for deeper social impact and directly benefitting local communities. Case study for this is Malawi, a LDC with a significant energy shortage. This project will serve as input for existing and future RE projects of JCM, FMO but also for other developers and (impact) investors.
More investments
| Date | Total FMO financing |
|---|---|
| 8/28/2020 | USD 4.40 MLN |
| 3/25/2019 | USD 12.51 MLN |
- Region
- Africa
- Country
- Malawi
- Sector
- Energy
- Publication date
- 11/5/2024
- Effective date
- 10/11/2024
- Total FMO financing
- USD 0.04 MLN
- Funding
- AEF-I
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B+