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Addax Bioenergy reaches financial close
04 January 2012
Development finance institutions announce financial close of pioneering Addax Bioenergy project in Sierra Leone.
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Addax
bioenergy
biofuel
Sierra Leone
DEG
FMO
BIO
EAIF
IDC
The Addax Bioenergy project in Sierra Leone has reached financial close. It is the first bioenergy project to be brought to financial close in Africa, and the largest post-conflict agricultural project to be developed in Sierra Leone. The project is widely recognised as a leading example in its field due to the integration of renewable energy with a successful agriculture project, its compliance with high environmental and social standards, and the transparent dialogue and consultation process that preceded it.
The project, sponsored by the diversified energy group of companies the Addax and Oryx Group (AOG), received the financial support of a consortium of major development finance institutions (DFIs) active in Africa.
The total size of the investment for the Addax Bioenergy project is Eu267 million. FMO (the Netherlands Development Finance Company) and...
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