Investors
In 2023, Gridworks closed an investment of up to $50M in Virunga Power to fund both distributed hydropower generation as well as electricity distribution grids to serve customers across Virunga Power’s markets.
Established in 2019 with funding from the British Government and operating as a subsidiary of British International Investment, Gridworks is a dedicated platform focusing on the development and investment in Africa's electricity networks. Their primary investment areas encompass transmission, distribution, and distributed renewable energy, both on and off-grid.
The core mission of Gridworks is to address the pressing need for substantial and targeted investment in power transmission and distribution throughout African nations, essential for creating sustainable, efficient, and reliable power sectors.
“Virunga Power has the potential to transform rural communities in Africa by providing them with grid-quality, low-cost, 24/7 electricity to drive economic growth. We’re investing in Virunga Power because we believe they can become Africa’s first large-scale, private utility to sustainably operate in a rural context. In doing so they can demonstrate the viability of rural infrastructure investment.”
Shaun Githuku
Director, Gridworks
“At Virunga Power, we believe that renewable energy is not just a solution to energy poverty, but also a catalyst for economic growth and social development. Our mission is to transform the energy landscape in East and southern Africa by providing reliable, clean, and affordable energy to rural areas that have not been well served by the grid. We’ll use Gridworks’ capital to expand electricity access and drive economic and industrial growth in communities across the region.”
Brian Kelly
CEO, Virunga Power
Other FUNDING PARTNERS
We partner with a variety of organizations that are working towards a common goal.
