Eco-Nor Energy Ltd

Africa

Region

9.9

Committment (MNOK)

Clean Energy

Sector

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.

detail_image
  • Sector: Clean Energy
  • Committment (MNOK): 9.9
  • Year: 2019
  • Region: Africa
  • Country: Regional
  • Domicile: Mauritius
  • Instrument: Equity
  • Status: Active

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