Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • South Africa
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Active
Bank Risk Rating: A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2016-03-01
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Lereko Metier REIPPP Fund Trust (LMRF)
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Energy
Investment Amount (USD): $ 40.79 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported ZAR 514.08 MLN
Converted using 2017-12-25 exchange rate.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-12-25
THE LEREKO METIER REIPPP FUND TRUST
FMO-45789

Project Description
WHO IS OUR CLIENT Lereko Metier REIPPP Fund Trust (LMRF) was established in 2013 in South Africa by Lereko Metier Sustainable Capital Fund, FMO and DEG to invest in various renewable energy projects of the South African Renewable Energy Independent Power Producer Procurement Program (REIPPP). Through LMRF, DEG, FMO and LMSC have already invested in 3 wind farms (capacity 360 MW). FUNDING OBJECTIVE The proceeds of this financing will go towards financing of the long term equity/risk capital component of greenfield renewable energy projects. WHY WE FUND THIS PROJECT The project will bring the following developmental effects: Creation of employment opportunities; Improvement of availability and access to reliable electricity supply; Promotion of economic growth as there are direct and indirect links between increased growth and improved electricity generation.
Investment Description
Contact Information
FMO South Africa +27 11 507 2500 joburg-office@fmo.nl
Bank Documents