MyHydro Expanding Geographically In Africa, Looking To Fund Growth
, the US distributed hydropower company that is the brainchild of serial energy investor Paul Hinks, is already spreading its wings to new pastures in Africa. While it is developing 33 new small hydro plants in the Democratic Republic of Congo, its engineers are working with partners in Cameroon, Malawi, South Africa, Zambia and Kenya and they are soon to begin site identification work in Guinea and Uganda.
But the growth that is necessary to help tackle this major issue on the continent requires new capital. While My Mydro has already secured some investors for its activities in DRC, Hinks says the large portfolio they now have means they must raise more equity to support the platform’s aggressive growth.“I never expected such enormous interest in MyHydro, but it seems that many people see exactly what I saw when I first visited Natel Energy.
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