Albatros Energy Mali SA has won last night at the Private Equity Africa Awards gala dinner in London the prestigious ‘Infrastructure Deal of the Year 2018’ distinction (www.peafricaevents.com/2018-winners).
Accepting the award, Romain Py, Head of Transactions at AIIM said, “With the Albatros deal, we were breaking new ground in Mali as the first Independent Power Project (IPP) to feed into the national grid and therefore paving the way for further IPPs. Once operational, Albatros will generate around 25% of the country’s power – providing a sustainable energy source, increasing access to electricity and delivering positive social and developmental impact. We are delighted to be recognized for our work in this space and look forward to continuing this level of award-winning service to our investors and partners.”
Koen Beckers, Albatros Energy Mali’s CEO said: “We are delighted to announce that after having won last month the ‘Deal of the Year’ Industry Award by African Utility Week, Albatros Energy Mali (AEM) has won another award, this time at the Private Equity Africa Awards gala dinner held in London last night”.
Albatros Energy Mali was one of the six finalists for the Private Equity Africa ‘Infrastructure Deal of the Year’ award. The company, owned by African Infrastructure Investment Managers (‘AIIM’), Redox Power Solutions Ltd, the Danish Investment Fund for Developing Countries (‘IFU’) and Burmeister & Wain Scandinavian Contractor (‘BWSC’), is presently building a 90 megawatt (MW) thermal power station in Kayes, western Mali. This significant power project will add 25% to the current base-load power of Mali and create enough electricity for circa 780,000 households. The project reached financial close in June 2017 and started the construction one month later. The targeted commercial operation date is November 2018.
About Albatros Energy Mali SA
Albatros Energy Mali S.A (www.aem-sa.com) is presently building a 90 megawatt (BOOT) thermal power station in Kayes, western Mali. It will be the West African nation’s first independent power project (IPP) to feed into the national grid. It will provide a much needed sustainable energy source allowing an increased access to electricity for Mali’s citizens and enabling industries to grow. Once operational, power will be sold to Mali’s national utility Énergie du Mali (EDM) through a 20-year power purchase agreement.
AIIM, a member of Old Mutual Alternative Investments, has been investing in the African infrastructure sector since 2000 with a track record extending across seven African infrastructure funds. AIIM currently manages USD2.1 billion in assets across the power, telecommunications and transport sectors with operations in 15 countries across East, West and Southern Africa. AIIM’s power portfolio extends across renewable energy and thermal power assets with a combined generation capacity of over 2,250 MW.
As a leading infrastructure manager across Africa, central to AIIM’s investment objectives and processes is its commitment to responsible investment. AIIM is committed to fulfilling fiduciary duties as the custodian of shareholders’ and beneficiaries’ long-term interests. In this regard, AIIM considers the incorporation of environmental, social and governance (ESG) factors into its investment and ownership processes to support the pursuit of creation of positive futures and obtaining sustainable, superior risk-adjusted returns for its clients.