Access Infra Africa, the developer, owner and operator of power assets in Africa, has launched the Access Co-Development Fund, a $5 million investment initiative to help bridge the gap between local power project originators and developers and the necessary experience and finance required to help bring these projects to fruition. The initiative allows selected local developers to partner with Access in order to co-develop and fund the projects quickly. Once developed the partnerships will continue to own and operate the asset.
Access expects to co-develop up to 5 projects with the fund, and opened up the application process to those early stage power projects and their developers from across Africa last week. The application process is due to close on May 20th, 2015 after which the applications will be screened, with the successful applicants being invited for a final round of screening by an executive panel during the Africa Energy Forum in Dubai on June 11th, 2015.
Details on how to apply can be found on the firm’s website.