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Power supply for telecoms in Mali: Norfund and Cygnum Capital grant 40 million USD to CREI

30/04/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Norfund, une institution de financement du développement et Cygnum Capital financed Communication & Renewable Energy Infrastructure (CREI). This $40 million financing will make it possible to set up hybrid renewable energy solutions to power telecom towers in

Mali.

Le projet financé par Norfund and Cygnum Capital aims to increase the reliability of the network bucket, reduce energy costs and support the expansion of telephone coverage in urban and rural areas. CREI is responsible for the management of the energy and telecommunications equipment of the ieng group. The objective of the financing is to support the establishment of renewable energy assets intended to supply telecom infrastructures in Mali. Norfund A contribué to hauteur de 166 millions de couronnes norvégiennes (environ 15,9 millions USD), tandis que le reste du financement est apporté par FEI qui a also played the role of& acting as the main arranger of the transaction

.

Le financement permettra to CREI to propose an energy solution à a major mobile network operator operating in Mali. In this context, CREI will be responsible for the development, construction, operation and maintenance of energy units intended à to supply the country's telecom towers. The investment also aims to

à modernise the energy infrastructures of telephone networks, while supporting the dynamics of digital growth and national coverage.
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