Genser Energy USD 366m financing

Trinity International LLP is pleased to announce that it advised a lending group including The Standard Bank of South Africa, Nedbank Limited, the Development Bank of Southern Africa and Barak Fund in respect of the USD 366m senior and mezzanine financing of Genser Energy, which achieved financial close in November 2019. 

Genser provides power generation solutions in Ghana to multinational industrial and mining companies including Gold Fields Ghana, Kinross Gold Corporation and Perseus Mining.  The transaction provides funding for the expansion of Genser’s existing plants from a capacity of 100MW to 190MW, as well as for the construction of over 170km of natural gas pipelines to connect Genser’s existing plants with Ghana National Gas Corporation’s facilities.  Genser’s growth reflects the shifting focus of developers and investors in the region towards the commercial and industrial sectors of the power industry and the provision of independent energy solutions to deliver energy efficiently and reliably to consumers.

The transaction adds to Trinity’s significant track-record of bringing power project financings in Ghana to financial close.  The Trinity team comprised senior partner Paul Biggs, partner Simon Norris, counsel Harvinder Deol, senior associate Jo Sykes and associate Nicolas Boittin.