Eco-Nor Energy Ltd

Africa

Region

8.1

Commitment (MNOK)

Active

Status

Eco-Nor is a joint venture between Norfund (through KLP Norfund Investments) and Sri Lankan EcoPower, set up to own and operate small hydropower projects in developing countries. At establishment, the company had one asset under operation - the 5 MW Rwimi hydropower plant in Uganda, and a pipeline of potential projects in several countries. Norfund has provided equity capital to finance the growth of the company.

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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