Ghana water plant gets funding

Ghana water plant gets funding

Published: February 20, 2013

Standard Bank steps up to supply 12-year senior debt of US$120mn for project.

A sea water desalination plant in Ghana has attracetd US$120mn in international debt funding.

The US$126mn Befesa Ghana project in Accra is backed by Spanish infrastructure company Abengoa and the Sojitz Corporation of Japan, which are contributing equity funding to cover 30% of the costs.

The remainder has been provided by Standard Bank in 12-year senior debt.

The plant will have a water production capacity of 60,000m3 per day.