On the sidelines of the Africa Energy Forum, Anzana Electric Group (AEGL) and Convergence Partners Energy Finance (CPEF) have announced that they have entered into indicative terms for a proposed $20 million structured capital investment into Anzana, to support the company's acquisition pipeline and project development across its African hydropower and distribution platform.
The proposed facility would fund near-term M&A and project development, with capital weighted toward operating and brownfield assets in Anzana’s core markets including the Lobito Corridor. It is intended to bridge the platform to its next phase of growth and a larger capital raise as its asset base matures.
The proposed investment remains subject to the completion of due diligence, definitive documentation and the parties’ respective approvals.
