Linklaters has advised Globeleq, the leading independent power generation company in sub-Saharan Africa, on a $70-million three year term loan facility from Standard Bank. The debt finance will be used to grow its African power asset base and position the group as a leading private power company on the continent.
 
Globeleq currently has more than 1200MW of power capacity in operation or under construction in five countries in sub-Saharan Africa, including South Africa. The company recently completed the acquisition of majority interest in more than 300 MW of generation capacity in Cameroon.
 
The Linklaters team was led by Projects partner Andrew Jones and included managing associate Louise Stevenson and associate Chin Lau.