Gridworks was established in 2019 as a dedicated platform for development and investment in Africa’s electricity networks. We invest in transmission, distribution and distributed renewable energy, both on and off-grid. Owned and funded by the British Government, we are a subsidiary of British International Investment, the UK’s development finance institution.
Over recent decades, there has been significant focus and investment in power generation to address the need for reliable electricity. However, to create sustainable, efficient and reliable power sectors requires significant and targeted investment in the electricity networks that transmit and distribute that power.
Today, hundreds of billions of dollars of investment is needed in power transmission and distribution to allow African countries to absorb current and planned power generation. Gridworks was created as part of the response to this need. A desire to create lasting impact is what underpins our focus on the financial viability of insolvent utilities; on identifying replicable business models; and on mobilising private capital.
We develop and then invest in critical electricity network infrastructure. This includes utility concessions, public private partnerships, management contracts, rural electrification programmes, isolated grid systems, off-grid to on-grid investments, and utility services companies.
Creating a commercially sustainable power sector to improve the continent’s electricity networks won’t happen overnight. With the right approach, patience and commitment we will contribute to the long-term transformation of the electricity sector for the benefit of all.