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Brookstone-backed Platinum Power to invest $845mln in hydro project

Image Credit: Joule Africa

Platinum Power, the Moroccan renewable power development company, signed an agreement last week with the Government of Cameroon to develop a hydro-electric project in Makay. Platinum will invest almost $846 million to develop the project which is expected to be completed in 2020 and deliver generation capacity of 400MW. The company plans to sell the renewable energy to ENEO, the country’s largest utility which is majority-owned by emerging markets investor Actis. 

Read more at Reuters…

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