THE LEREKO METIER REIPPP FUND TRUST
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
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).
What is our 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 do we fund this investment?
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.
- Region
- Africa
- Country
- South Africa
- Sector
- Energy
- Effective date
- 11/4/2014
- Total FMO financing
- ZAR 2318.29 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - A