Eco-Nor Energy Ltd
Africa
Region
8.1
Commitment (MNOK)
Active
Status
Eco-Nor is a subsidiary of EcoPower of Sri Lanka to own and operate small hydropower in developing countries. At establishment, the company has one asset under operation - the 5 MW Rwimi hydropower plant in Uganda with a pipeline of potential projects in several countries. Norfund has provided equity capital to finance the growth of the company.
Key information
- Sector:
- Renewable Energy
- Commitment (MNOK):
- 8.1
- Year:
- 2019
- Region:
- Africa
- Country:
- Regional
- Domicile:
- Mauritius
- Instrument:
- Equity
- Status:
- Active
- Mandate:
- Development
Additionality for Eco-Nor
This investment is particularly additional on the following ambitions:
- Investing in the poorest countries
- Investing in the most capital constrained markets
- Investing in the riskiest markets
- Investing in the most difficult business environments
- Investing in high risk instruments
- Mobilising private investors
- Taking an active role in investments
- Improving social and environmental standards