InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a convertible loan agreement with Africa GreenCo Group to progress an innovative approach to building Zambia’s renewable energy capacity. InfraCo Africa has leveraged $500,000 of funding from PIDG Technical Assistance to support wider work to develop the initial operational capability of GreenCo’s Lusaka-based company, GreenCo Power Services.

GreenCo will act as an intermediary renewable energy ...