Denham Capital Management LP, a London-based private equity firm, plans to channel at least $250 million into energy projects in Africa.
The company has established a partnership with Neo Themis, a power supplier based in Casablanca, Morocco. It’s currently developing about 400 megawatts of renewable energy and gas-fired projects across Africa and seeks to have 1 gigawatt under construction by 2019.
Projects in the works include 44 megawatts of hydropower in Ivory Coast and a 50-megawatt solar plant in Nigeria. The partners are also considering projects in Madagascar and Kenya.
“We work in emerging markets where there’s a real need ...
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