Kenyans could see a decrease in the cost of electricity with the Government set to adopt local currency-based tariffs for power purchase agreements. The move follows the completion of a study on the availability and viability of local financing for infrastructure projects in the energy sector.
PIDG - Evolving to deliver greater development impact
GuarantCo’s parent company, The Private Infrastructure Development Group (PIDG), is changing.
A new governance structure will formalise and embed collaborative working between GuarantCo and all of PIDG’s companies. Our combined offer allows us to invest at different stages of the development cycle, bringing more projects from concept to reality in the world’s lowest income countries.
Read our joint op-ed to find out more.
The African Guarantee Fund for Small and Medium-Sized Enterprises (AGF) has entered into a re-guarantee transaction of an amount of up to USD 74 million with GuarantCo, to increase its guarantee capacity for SME financing.
Three Private Infrastructure Development Group companies contribute to financing
LONDON – Jan. 24, 2018 – Sindicatum Renewable Energy Company Pte Ltd (“Sindicatum Renewables”), a Singapore-based developer, owner and operator of renewable energy projects has issued an Indian Rupee (“INR”) international green bond (the “Green Bond”), totaling INR 2.5 billion (approximately USD 40 million). GuarantCo Ltd, a Private Infrastructure Development Group (PIDG) company, provided an unconditional and irrevocable guarantee, which covers 100% of the principal and interest of the Green Bond.
Infracredit issues maiden guarantee, supports the first 10-year corporate infrastructure bond in the Nigerian debt capital markets
Nairobi, Kenya: GuarantCo and InfraCo Africa yesterday marked the official opening of their first Africa office, which will cover East and Southern Africa from Nairobi. Both companies are part of the London-based multilateral Private Infrastructure Development Group (PIDG), which has been active in the region for more than 15 years.
GuarantCo, the world’s leading local currency guarantee facility, has received a further AUD4m from DFAT to support its continued growth. GuarantCo is also backed by the UK (DFID), Switzerland (SECO), Sweden (Sida), through the multilateral Private Infrastructure Development Group (PIDG), and the Netherlands (DGIS) through FMO. This recent funding allocation blends well with GuarantCo’s ambition to expand its operations in Asia and the Pacific to address existing constraints in local currency debt financing for infrastructure projects. "GuarantCo is grateful for the further funding received from DFAT and its continued support. We continue to seek to expand GuarantCo's activities in Asia and the Pacific following the recent opening of our office in Singapore" stated Mr. Andy Bainbridge, Chairman, GuarantCo Board.