Eaglestone was financial advisor to the Lower Maguduza Hydropower Project in Eswatini

Eaglestone is pleased to announce our role as financial advisor to the Lower Maguduza Hydropower Project in Eswatini.

The 13.5 MW hydro plant, located on the Usuthu River, was developed by African Clean Energy Developments (ACED), and includes the Eswatini Public Service Pension Fund and African Infrastructure Investment Managers (AIIM) managed IDEAS Fund as long-term investors. Standard Bank Group South Africa, Standard Bank Eswatini and Public Service Pensions Fund are providing senior debt for the project, which will supply energy to the Eswatini Electricity Company through a 30-year PPA, with a total project cost of circa. 1.1 billion Emalangeni. The Project’s first energy output is expected at the end of 2026.