Proparco granted a $20 million loan to IPT Powertech Group SAL (“IPT”), together with DEG – as lead arranger – and Finnfund, respectively for $25 million and $10 million; IPT is a Lebanese company specialized in the management and powering of radio sites for mobile network operators in Africa and the Middle East. European Investment Bank (EIB) also granted $60M to support IPT’s activities.
As an energy services provider to Mobile Network Operators in Africa and Middle East, including energy solutions services, IPT is positioned as a pioneering company in the T-ESCO (Telecom - Energy Service Company) segment, a scheme whereby the tower site owner outsources the site power supply to a specialized third party responsible for deploying, financing and operating the power asset under a long term contract. The technical operation of T-ESCO is based on proven hybridation of fuel generator, solar PV and batteries offering cost benefits and sizeable fuel economies.
The loans granted to IPT will support the company’s T-ESCO activities in Lebanon and Guinea. More than 115,000 tons of CO2 emissions should be avoided every year.