The International Finance Corporation (IFC) has announced that it is considering providing $20 million to Nigerian off-grid power service provider, Daybreak Power Solutions, a subsidiary of Daystar Power Group.

The investment is still undergoing regulatory approval by the IFC, according to a statement from the organization. When approved, the funds will be used as part of a $40 million Phase 1 capacity expansion project.

For more information, please see https://www.ecofinagency.com/finance/2704-42573-daystar-power-group-to-receive-20-million-debt-financing-from-the-ifc