We are happy to announce that Overseas Private Investment Corporation (OPIC), US Government’s Development Finance Institution, approved Project Financing for NextGen Solar’s 5 MW Solar Project at Kigoma, Tanzania on September 20 2013, through the issuance of a formal Commitment Letter & Term Sheet.
Project Details have been published on their website at:
NextGen Solar is now an official Private Sector Partner of US Government’s Power Africa Initiative announced recently by President Obama.
Power Africa Fact Sheet highlighting Private Sector Partners can be seen here.
On Sep 1, 2013 we signed the land lease with the Government of Tanzania for 25 acres of land at the Kigoma Special Economic Zone (KiSEZ) at the Kigoma-Ujiji Municipality.
The solar power plant will will be located at Plot Nos. 242-255, Kigoma Special Economic Zone, Kigoma-Ujiji Municipality, Kigoma, Tanzania.