On Tuesday, African Infrastructure Investment Managers (AIIM), a member of Old Mutual Alternative Investments, acquired a minority stake in the Amandi Energy, an independent power producer (IPP), plant in Ghana. The investment in Amandi is financed through its third pan-African focused fund, African Infrastructure Investment Fund 3 (AIIF3), which invests primarily in power, transportation and energy infrastructure in Sub-Saharan Africa. Located near Aboadze in Western Ghana, Amandi is an approximately 200MW dual-fuel, combined-cycle power plant currently under construction for a total cost of $550m. AIIF3 is acquiring the entire shareholding of the Rontom Trust, a vehicle affiliated with the project founders. The Amandi IPP plant is also owned by Endeavor Energy, Amandi Founder Group, Aldwych, Pan African Infrastructure Development Fund 2 managed by Harith General Partners, and ARM-Harith Infrastructure Fund. Olusola Lawson, investment director and head of West Africa at AIIM said: ...
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