QG’s mezzanine fund interested in Nigeria Power Sector

shakirudeen taiwo

April 12, 2017 2:09 PM

The new partnership, QG Power Africa (QGPA), will surely increase the total capacity of the Nigeria's power sector. This news also shows that sector has a lot of untapped investment potentials.

Minister of Power, Works and Housing, Mr. Babatunde Fashola, during inspection of Egbin Power Plant, Lagos

Nigeria’s power sector is set to receive major investments in infrastructural development and upgrade. The

QG Africa Mezzanine LP, is an investment fund managed by QG Investments Africa Management Ltd.

The partnership is a multi-layer and integrated power project management, with each partner taking responsibility for successful implementation various phase of the project. QG Africa Mezzanine LP will support this joint venture as strategic investor; Tomé will be responsible for project management and IPC for the development of the power assets.

The joint venture has been set up to develop power plants across countries in the sub-Saharan Africa region in the first phase focusing on Angola, Botswana, Mozambique, Uganda, Nigeria, Kenya and Ghana. QGPA will expand its development capabilities to meet Africa’s fast growing demand for power.

Milko Skoro, Managing Director of AG Investment Africa Management, noted during a press release on the company’s website that “the drive for this investment, beyond generation of solid returns, is the infrastructure sector’s substantial potential for job and wealth creation and local supply chains that positively impacts Africa national economies. Commercial infrastructure projects in sub-Saharan Africa currently show unparalleled potential and resilience against the perceived risks associated with the African continent.”

“The joint venture arrangement of QGPA is based on an exceptional match of capabilities and expertise of the involved parties to conceive and develop power projects across the sub-Saharan region. Tomé and IPC’s track record and the newly created platform for further growth were highly attractive to QG Africa Mezzanine LP. We look forward to contributing to close the infrastructure gap and support national growth plans with successful power assets in a number of African markets.”

shakirudeen taiwo