Anzana Electric Group, a Gridworks portfolio company, has secured a $20 million debt financing facility from British International Investment (BII), the UK’s development finance institution and impact investor. The facility will fund the construction of run-of-river hydropower projects across East, Central and Southern Africa.
Through this facility, Anzana expects to deliver 10MW of new distributed baseload generation capacity by 2030, generating more than 50GWh of clean electricity annually for national and regional power grids and high-demand centres. The first project is expected to be in Zambia.
Anzana’s end-to-end model spans electricity generation and distribution (including customer connections), ensuring consistent quality and reliability across the full power value chain. The portfolio is expected to create more than 500 jobs during construction and operations, while expanding electricity access and supporting economic activity .
Shaun Githuku, Co-Head of Business Development at Gridworks, said:
“Anzana is proving distributed electricity generation and rural utilities can make an important contribution to increasing energy access in Africa. This investment is an important step in accelerating Anzana’s rollout of critical energy projects that will benefit more homes, businesses and communities.”
Brian Kelly, Co-Founder and CEO of Anzana Electric Group, said:
“This facility is an important milestone for Anzana as we scale our platform across Africa and expand on our close partnership with BII. Our focus on strong governance, disciplined execution, and strategic corridor development allows us to deliver power where it is needed most while supporting national government objectives for sustained long-term economic growth.”
