ÀRGENTIL’S CLEAN ENERGY PORTFOLIO COMPANY FMGSL ACHIEVES FIRST CLOSING
Àrgentil Capital Management closed financing for First Modular Gas Systems Limited (FMGSL), a clean energy company it co-founded with Dharmattan Gas Facilities Limited. FMGSL secured equity and debt financing from the Africa Infra Plus Fund (AIPF), totaling $16 million for its gas processing plant in Anambra State, Nigeria.
AIPF, managed by Africa Plus Partners Nigeria Limited, supports infrastructure projects in sectors like power and transportation, involving local institutional investors. FMGSL plans to further attract local currency financing through guaranteed debt instruments to expand its operations.
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