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Supporting IPT’s business activities
Project
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Signature date
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Location
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Multi-country Global, Ethiopia, Guinea, Guinea-Bissau
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Financing tool
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Financing amount (Euro)
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12639265
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Financing details
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USD 13.5m loan
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Customer
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IPI Group Holdings Ltd. / IPI Group (Holding) SAL
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Type of customer
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Company
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Country of headquarters
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Cyprus
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Project number
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PZZ1673
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Environmental and social ranking
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A
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Climate co-benefits
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Project with climate co-benefits
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco has allocated financing to IPT to support its activities in Africa.
Client presentation
IPT has been operating as an energy services and equipment provider to Mobile Network Operator in Africa and the Middle East. The group covers the following business activities:
- Equipment sales
- Services/O&M to MNOs
- ESCO
- Assembly for energy and telecom equipment
Project description
The project consists of a $33 million loan to support sales of innovative energy equipment solutions as part of the trading business, as well as financing capacity expansion in Guinea-Conakry and developing ESCO projects in new countries (Ethiopia and Guinea-Bissau).
Project impact
The expected impacts of this project are:
- 250 jobs created and 49,462 direct and indirect jobs maintained over the next 5 years
- 41,000 tons of CO2 avoided (energy efficiency) through the hybridization of telecommunications infrastructure in remote regions in the two countries
The project will contribute to SDGs 8 “Decent work and economic growth”, 9 “Innovation and infrastructure” and 13 “Climate action”.