InfraCredit-Backed Financing Empowers VI Power’s Embedded Power Generation Project

WithInfraCredit’s guarantee, VI Power was able to secure a NGN9.2 billion 7-year10% Bank of Industry Loan Facility, with an 18-month moratorium on theprincipal amount, a NGN3.8 billion 3-year 15% bridge-to-bond facility from NSIAConstruction Finance Warehouse Facility and a NGN3 billion 18 – month 17.11%bridge-to-bond facility from Stanbic IBTC Infrastructure fund.

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Latest News and Insignts

January 8, 2025
ARM-Harith’s Investment Facilitates Delivery of Ibadan Hybrid Power Plant
Tola Talabi, MD/Co-CEO of Elektron, has said that the financial mobilization from ARM-Harith made it possible for the Elektron’s partnership with Oyo State Government.
December 10, 2024
Delivering Energy, Empowering Oyo State!
On Friday, December 6th, 2024, we commissioned the first phase of the 11 MW Oyo State Hybrid Independent Power Project, a hybrid power plant fully funded by Elektron Energy.
July 15, 2023
Elektron Energy Power Plant To Transform West Africa’s Infrastructure
Nigeria, has been grappling with significant challenges in its power sector for decades. The demand for electricity in Nigeria far exceeds the supply, resulting in a substantial gap between the two.