A shareholder agreement has been signed between InfraCo Africa, an investment company of the Private Infrastructure Development Group (PIDG) and Rural Village Energy Solutions (RVE.SOL). The agreement covers the continuation of a rural electrification project using stand-alone solar systems in Busia County, Kenya.
Kudura Power East Africa (KPEA) will provide electrification to several villages in Busia County in western Kenya, bordering Uganda. KPEA receives $8 million, including $4.2 million invested by InfraCo Africa. The Private Infrastructure Development Group (PIDG) investment company has signed a shareholders’ agreement with Rural Village Energy Solutions (RVE.SOL), which previously held all the shares in KPEA.
Read more: Afrik21