Independent renewable energy company Qair, today

announces the first disbursement of a €37.9 million financing package for the construcLon of hybrid

solar power plants with baMery storage, totaling 30 MWp and 8 MWh, located in Gassi and Lamadji,

Chad.

These projects were developed under a framework agreement with the Republic of Chad, paired with a

20-year Power Purchase Agreement (PPA) with Tchadelec, the naLonal electricity uLlity.

Scarle' Carré de Malberg (Proparco), Wale Shonibare (Banque africaine de développement), Louis Blanchard (Qair Group) et Marc Galinier (Qair Africa) entourés de leurs équipes.

Strategic partnerships for a robust financial structure

The financing was made possible through the commitment of key partners:

The African Development Bank (AfDB) and Proparco each provided €15.2 million in loans. AddiLonally,

the Sustainable Energy Fund for Africa (SEFA), managed by AfDB, contributed €6 million in reimbursable

grants, while Proparco / Agence Française de Développement added €1.5 million in supplementary

funding. A ParLal Risk Guarantee (PRG) of €8 million, issued by the African Development Fund (ADF) and

the Green Climate Fund (GCF), strengthens the project’s financial structure by backing Coris Bank, the

issuer of a leMer of credit covering Tchadelec’s payments under the PPA. Coris Bank also serves as the

onshore account bank and local security agent, while BNY acts as the offshore account bank, offshore

security agent, and intercreditor agent.

A testament to Qair’s financial structuring capabilities

The Gassi and Lamadji projects highlight Qair’s ability to structure complex, mulL-party financing

soluLons for high-impact renewable energy infrastructure. These projects underscore Qair’s experLse

in navigaLng intricate financial landscapes, securing support from major development insLtuLons, and

delivering bankable projects in emerging markets.

« This financing demonstrates the strong confidence and collabora4on between Qair, AfDB, Proparco,

and SEFA in delivering impacBul renewable energy infrastructure. The Gassi and Lamadji projects are a

testament to our ability to structure and execute complex financing solu4ons, reinforcing Qair’s porBolio

in Africa », said Abdoulaye Touré, CFO of Qair Africa.

Website	https://www.proparco.fr/en
Domicile	-
Countries Active	Benin, Chad
Total MW	92 MW
Financial Instrument	Debt, Equity
Organization Type	Financier, Owner

Project	MW	Role	Amount	Status



Full Data Is for MembersSee Pricing

Update	Date

Proparco

Projects

News Updates