British International Investment provides $20 million senior secured debt facility to Anzana Electric Group for distributed hydropower projects in Africa
Type: Financing · Technology: Hydro · Country: Zambia, East, Central, and Southern Africa · Capacity: 10 MW · Value: $20M · Announced: 2026-05-29
British International Investment (BII), the UK’s development finance institution, provided a $20 million senior secured portfolio debt facility to Anzana Electric Group to accelerate the construction of run-of-river hydropower projects across Africa. The financing targets small- and medium-scale plants under 10 megawatts, with potential solar hybridization, spanning east, central, and southern Africa. The facility will fund construction for Anzana’s hydropower portfolio, aiming to unlock 10 megawatts of distributed baseload generation capacity by 2030, generating over 50 gigawatt hours of clean electricity annually for national and regional grids. The first project will be located in Zambia, with Anzana’s operating model covering development, generation, distribution, and interconnection to serve both community users and commercial and industrial customers. The portfolio is expected to create more than 500 jobs during construction and operations while expanding electricity access and supporting economic activity across targeted regions.
Counterparties
- Anzana Electric Group (Borrower)
- British International Investment (Lender)