Diligence of 76MW Biomass Portfolio in Cameroon
CPCS has signed a Developer Services Agreement with InfraCo Africa, which tasks CPCS to identify and develop infrastructure projects on behalf of InfraCo. CPCS identified a 76MW portfolio of eight biomass projects currently under development by a Cameroonian sponsor. CPCS was tasked by InfraCo to undertake a full project due diligence on the project, to provide a recommendation on whether or not to invest in the development of the project, and to negotiate the terms on which InfraCo would enter and fund the project. Diligence activities included liaison with project sponsor and advisors, undertaking a full financial, technical and legal due diligence of the project, analysis of initial prefeasibility studies as well as overall viability of the project, conducting research on country background and context in relationship to the project, and assessing remaining steps and gaps in project to reach bankability and financial close.