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December 13, 2018

INFRACO AFRICA COMMITS US$ 1.7 MILLION TO THE 50MW PROJECT ÉLAN SOLAR, CAMEROON

PRESS RELEASE

INFRACO AFRICA COMMITS US$ 1.7 MILLION TO THE DEVELOPMENT OF THE 50MW PROJECT ÉLAN SOLAR, CAMEROON

See InfraCo Africa’s press release here.

[Johannesburg, 12 December 2018] – Sturdee Energy Southern Africa (Pty) Ltd. (Sturdee Energy) is pleased to announce that InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Convertible Loan Agreement with Project Élan 1 SAS, committing up to US$1.7m to develop the 50MW Project Élan Solar project in Cameroon.

The project is sponsored by Sturdee Energy together with the developer GSC Energy. This will be one of Cameroon’s first commercial-scale solar photovoltaic plants.

The investment by InfraCo Africa is another positive milestone for the Company and its growth strategy in Africa.

Sturdee Energy is excited to partner with InfraCo Africa on this project and looks forward to working together on more opportunities on the continent.

About Sturdee Energy

Sturdee Energy is an independent power producer focused on renewable energy power projects in Sub-Saharan Africa. The company’s vision is to deliver economic growth and socio-economic development to Africa through the production of reliable renewable energy.