JCM Power (Formerly JCM Capital) Receives EUR4,000,000 Investment Grant from European Union Africa Infrastructure Trust Fund (EU-AITF) for Nigeria Solar PV Project

Pan Africa Solar, through the support of Private Infrastructure Development Group (PIDG), has received approval for EUR 4,000,000 investment grant from the European Union Africa Infrastructure Trust Fund (EU-AITF) for the construction of a transmission line to connect the solar generation plant to the main substation and upgrades to the substation. EU-AITF was created in 2007 by the European Commission and European Union Member States with the objective of promoting infrastructure projects in Sub-Saharan Africa with a regional impact. EU-AITF is funded by a group of donor contributions from the European Development Fund (EDF) budget and from a number of European Union Member States. The investment grant has been approved under the SE4ALL envelope which promotes regional, national and local energy projects. The objective of the Sustainable Energy for All (SE4ALL) envelope of the EU-AITF is to support inter alia increased power generation from renewable energy and increased access to electricity, which matches the objectives of this project. As the first utility-scale solar project in the country, the project will contribute towards an increased universal access to modern energy services. Additionally, the project conforms to the objective to promote investment in regional infrastructure in Sub-Saharan Africa.