ARM-Harith Infrastructure Fund Invests $18.75 Million in Elektron Power Infracom for Decentralized Energy Solutions in West Africa
ARM-Harith Infrastructure Fund (“ARMHIF”) has made an investment of US$18.75 million into Elektron Power Infracom (EPI), a Mauritius-incorporated company focused on delivering hybrid energy solutions across West Africa, with existing assets in Nigeria. EPI comprises brownfield and greenfield power assets that supply power to commercial and industrial customers, as well as to consumers under Nigeria’s decentralized embedded energy framework. ARM-Harith will provide late-stage project development advisory and structuring support to ensure bankability for power projects under this framework. The investment was made through equity, shareholder loans, and loan notes.
Key Points:
- ARM-Harith Infrastructure Fund has invested $18.75 million in Elektron Power Infracom (EPI) for decentralized energy solutions across West Africa, with a focus on Nigeria.
- EPI encompasses brownfield and greenfield power assets serving commercial, industrial, and broad-based consumers under Nigeria’s embedded energy framework.
- ARM-Harith’s role includes providing late-stage project development advisory and structuring support for bankability, contributing through equity, shareholder loans, and loan notes.
- The investment aims to address energy constraints in Nigeria and potentially across Africa, aligning with ARM-Harith’s goal of supporting economic growth through sustainable infrastructure projects.
Analysis: ARM-Harith’s investment in Elektron Power Infracom (EPI) underscores the importance of decentralized energy solutions in addressing power challenges in Nigeria and broader West Africa. EPI’s focus on hybrid energy solutions aligns with the shift toward more flexible and sustainable power generation methods. The ability to displace diesel self-generation with natural gas generation not only improves environmental sustainability but also contributes to Nigeria’s socioeconomic development. ARM-Harith’s involvement in late-stage project development and structuring reflects its commitment to advancing bankable infrastructure projects that have a positive impact on local communities and economies. This investment is a significant step toward achieving sustainable and inclusive growth in the region.
