The British Emerging Africa Infrastructure Fund (EAIF), managed by Ninety One, agreed to grant a 10-year loan worth $31 million to LNG BV, a joint venture between Helios Investment Partners and Gasfin Development, which develops and operates natural gas facilities for developing countries.
The credit line will finance the construction of an LNG regasification unit at the port of Tema in Ghana, as part of Access LNG BV’s maiden project in the country. Martijn Proos, Manager of Ninety One, said the EAIF investment will help meet Ghana’s long-term energy needs.
According to Ogbemi Ofuya, a partner at Helios Investment Partners, EAIF has in-depth knowledge of the energy sector in Ghana and expertise in port infrastructure development. The investment vehicle will leverage these strengths in this new project in Ghana.