Decentralised Energy Limited Secures $10M for Expansion
Decentralised Energy Limited has successfully secured $10 million in initial equity funding from AnergI Group, which will be utilized to expand its power gas projects in Nigeria. This strategic investment, alongside an anticipated N8.5 billion in debt financing, aims to establish a solid foundation for growth in the decentralized energy sector.
The company plans to develop bankable projects directly within the power gas infrastructure, enhancing energy reliability and efficiency. AnergI Group's CEO, Maria Strateno, expressed optimism about the launch of Decentralised Energy Limited, emphasizing the need for improved energy solutions in Nigeria.
Viathan Nigeria's CEO, Lekan Adek, highlighted the commitment to cleaner, reliable energy solutions and the importance of strengthening the private sector's role in energy transition. The leadership team at Decentralised Energy consists of experienced professionals with a combined 70 years in designing, building, and financing decentralized energy assets across Nigeria.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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