PROJECTS
Raising Viability Gap Funding for Biomass Plant, Côte d’Ivoire
The problem
Meridiam (a private equity firm) was investing in a 46 MW biomass power plant in Côte d’Ivoire, but the government’s tariff expectation left the plant with a viability gap that could only be closed with a grant or highly concessional loan.
How we helped
Castalia reviewed the market and identified 50 organizations that could, in principle, provide viability gap funding. We screened these organizations against criteria such as project types they targeted, speed of decision-making, and type of funding offered. The screening enabled us to shortlist the seven organizations most likely to provide viability gap funding.
Impact
The project team has raised the debt for the project, and has moved on to securing the viability gap funding, following the strategy we recommended.
The client
Our team
How can we help you?
How can we help you?
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
Sinclair House, 3 Glenside Crescent
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (0)1 85 64 10 22
3B Rue Taylor
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-121
Colombia
Thinking for a better world.
WASHINGTON, DC
+1 (202) 466-6790
1747 Pennsylvania Avenue NW, Suite 1200
United States of America
SYDNEY
+61 (2) 9231 6862
Suite 19.01, Level 19, 227 Elizabeth Street
Australia
AUCKLAND
+64 (4) 913 2800
74D France Street, Newton South
New Zealand
WELLINGTON
+64 (4) 913 2800
Level 2, 88 The Terrace
New Zealand
PARIS
+33 (1) 73 44 26 97
6 Rue Duret
France
BOGOTÁ
+57 (1) 508 5794
Calle 81 #11-08, Piso 5, Oficina 5-127
Colombia
Thinking for a better world.