IFC, Canada invest in Kinguele Aval hydropower plant in Gabon

Development finance institution the International Finance Corporation (IFC) and various Canadian government organisations are providing a financing package for the 35 MW Kinguele Aval hydropower plant, in Gabon. Meridiam Infrastructure Africa Fund FIPS, Meridiam Infrastructure Africa Parallel Fund FIPS and the Fonds Gabonais d’Investissements Strategiques (FGIS), with the support of the government of Canada, are providing funding for the project, which is the first independent power producer project in Gabon.