Bamidele Dave
Africa50, the specialist investor in African infrastructure, and NTPC Limited, India’s largest power utility, have signed a Cooperation Agreement to identify, assess and develop power-generation projects and cross-border electricity trading opportunities across Africa.
The partnership will draw on Africa50’s project development and financing expertise and NTPC’s engineering and operational capabilities to advance commercially viable power projects, attract investment and expand reliable electricity supply for households and businesses, according to a statement by Africa50.
The organisation will draw on its proprietary continental-scale pipeline and unparalleled access to governments and regulators through its 34 African country shareholders to identify priority power projects, structure them for investment and support their progress across the project life cycles. NTPC will bring its extensive technical, engineering, project development, construction management and operations expertise to assess project feasibility, develop viable solutions and support the progression of identified opportunities towards implementation.
Mr. Alain Ebobisse, Group Chief Executive Officer of Africa50, while speaking on the development said: “Reliable and competitively priced power is central to Africa’s industrial and economic transformation. This partnership combines Africa50’s ability to develop, de-risk and deliver investable projects with NTPC’s proven technical expertise to translate public ambition into private investment in power generation. Together, we aim to strengthen regional power systems that support industrial growth, expand trade and create jobs.”
On the other hand, Chairman and Managing Director of NTPC Limited, Mr. Gurdeep Singh said: “We look forward to working with Africa50 to develop commercially viable power projects in mutually agreed countries in Africa. Combining NTPC’s technical and operational experience with Africa50’s project development capabilities and relationships across the continent creates a strong foundation for supporting reliable power supply and regional electricity trade.”
The agreement seeks to strengthens investment partnerships between India and Africa, supporting the development of power infrastructure that drives economic growth across the continent.
Africa50 is a specialist investor in African infrastructure, developing, de-risking and delivering projects to unlock economic growth across the continent. It combines a proprietary continental-scale pipeline, deep government relationships and structuring solutions to develop investment-ready projects and scalable platforms. With deep investment expertise across the energy, transport, and digital sectors, Africa50 mobilizes African and international capital to deliver sustainable financial returns while creating economy-scale impact.
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