Accra, Aug. 18, GNA – Genser Energy has secured €456 million in term and revolving credit facilities to support ongoing energy infrastructure projects and expansion in Ghana and other West African markets.
The financing was arranged by FirstRand Bank Limited through its Rand Merchant Bank division, Absa Bank Limited and Standard Bank of South Africa Limited.
A press release shared with the Ghana News Agency on Monday said the funds would provide working capital for the completion of ongoing engineering, procurement and construction projects, strengthen the company’s balance sheet and provide additional financial flexibility for its expansion plans.
The company said the financing would support continued investment in Ghana while advancing its expansion into Côte d’Ivoire and other strategic markets in the sub-region.
Mr Baafour Asiamah-Adjei, the Chief Executive Officer of Genser Energy, said the financing reflected the confidence of its financial partners in the company’s long-term plans.
“Since day one, Genser has taken a long-term approach to building energy infrastructure across West Africa,” he was quoted as saying.
The company, he noted, would remain focused on investing in large-scale infrastructure to deliver reliable energy and support industrial development.
The release said the financing followed its US$428 million corporate refinancing in Ghana and €200 million equipment loan facility secured by Genser Energy Cote d’Ivoire in 2025.
It said the company expected to commission its Gas Conditioning Plant and the Takoradi Natural Gas Liquids Export Terminal later this year.
Genser currently has more than 334 megawatts of installed generation capacity and operates a 436-kilometre natural gas pipeline network in Ghana.
Genser Energy develops and delivers energy solutions that support industrial growth, infrastructure expansion, and long-term value creation across West Africa.
It supplies power to industrial clients and utilities and participates in cross-border power exports in the region.
GNA
Edited by Agnes Boye-Doe
Writer: Edward Acquah
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