Tom Trimble Quoted in African Law & Business on Hydropower Projects in Africa
Tom Trimble, a partner in Akin Gump’s cross-border transactions practice, was quoted in the African Law & Business article “Ugandan power project catching the waves,” which reports on a new hydropower project in the African nation.
Earlier this year, as the article notes, Trimble advised Zoetic Global, a U.S.-based project developer, on a 20-year power purchase agreement with the Electricity Company of Ghana for 100 MW of additive power generation at the nation’s Akosombo Dam on Lake Volta.
Trimble said the Zoetic facility “is drawing significant interest from equity investors and financial institutions. This is because the facilities allow African governments to significantly enhance the megawatt producing capabilities of their ageing hydroelectric dams on a fast-track basis and without the need to invest or borrow the large sums of money involved in renovating or building new dams.”