eleQtra
eleQtra is a London-headquartered private infrastructure developer that originates, finances and invests in greenfield power, transport and water projects across Sub-Saharan Africa, serving government ministries, state-owned utilities and development finance institutions as exclusive manager of InfraCo Africa.
- Company typePrivate
- Founded2005
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What eleQtra does
eleQtra is a private infrastructure development company founded in 2005 and headquartered in London, with regional offices in Accra, Kampala, Lusaka, Maputo and Nairobi and a New York office from which CEO Gad Cohen operates. The company develops, invests in and operates greenfield infrastructure projects across Sub-Saharan Africa, with a portfolio spanning power generation (wind, solar PV, hydroelectric and gas co-generation), marine transport, irrigation, commuter rail and multi-sector rural utilities. Notable assets originated and partly developed by eleQtra include the 28MW Cabeolica Wind Farm in Cape Verde (the first commercial-scale PPP wind farm in sub-Saharan Africa, operational since 2011), the 340MW Cenpower IPP in Ghana (US$900 million project finance close in 2014), the Kalangala Infrastructure Services multi-sector utility in Uganda, and a pipeline of hydro, wind and solar projects in Ghana, Senegal, Zambia, Mozambique and Kenya.
eleQtra's product surface combines bespoke large-scale infrastructure projects and a standardized distributed product, Solar eleQtra™, an off-grid solar unit delivering up to 5 kWh/day that has been deployed at health centres in Uganda and is targeted for rollout in Ghana, Mozambique, Zambia, Benin, Côte d'Ivoire and Senegal. Project equity is typically held through special-purpose vehicles together with development finance institutions such as the Africa Finance Corporation, European Investment Bank, African Development Bank, PIDG, FinnFund, USAID and GuarantCo, alongside strategic co-developers including ENGIE, Tora Holding, La Honda Solar, Grindrod and IDC South Africa. The company is the exclusive development manager for InfraCo Africa, a mandate renewed through 2021.
eleQtra monetizes across three streams: (i) professional services fees and success fees for developing greenfield projects on behalf of InfraCo Africa and other DFI partners; (ii) equity returns on proprietary stakes held in project companies (e.g., Cenpower, Cabeolica, Kalangala, Muchinga, Gushie, Lake Victoria Marine Transport); and (iii) recurring operational revenues from assets it co-owns and operates, notably the Kalangala ferry, power and water concession. Pricing is project-specific and not publicly disclosed; project values typically range from tens to hundreds of millions of dollars, structured through PPPs and 20-25 year power purchase agreements with state-owned utilities. The go-to-market is direct enterprise engagement with African government ministries, state utilities and development finance institutions via long sales cycles involving feasibility studies, regulatory approvals and project finance structuring.
eleQtra firmographics
Firmographics- Name
- eleQtra
- Legal name
- eleQtra (InfraCo) Limited
- Website
- https://eleqtra.com
- Company type
- Private
- Founded year
- 2005
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- eleQtra is a London-headquartered private infrastructure developer that originates, finances and invests in greenfield power, transport and water projects across Sub-Saharan Africa, serving government ministries, state-owned utilities and development finance institutions as exclusive manager of InfraCo Africa.
- Ownership category
- akta.pro rank
eleQtra industry classification
Industry- Product category
- Infrastructure Project Development
- NAICS
- Electric Power Generation (22111), Hydroelectric Power Generation (221111)
- SIC
- Water, Sewer, Pipeline, Comm & Power Line Construction (1623)
- akta.pro primary industry
- Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)
Keywords
Where eleQtra is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices7 records
Markets served
eleQtra business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Infrastructure Development Services: eleQtra provides infrastructure development services as the exclusive manager of InfraCo Africa since 2005. The company develops greenfield infrastructure projects from conception through financial close, earning development fees and success fees upon project completion.
- Project Equity Investment: eleQtra holds equity stakes in developed infrastructure projects. The company invests its own capital alongside development finance institutions and commercial investors, earning returns through dividends and exit proceeds upon project sale or refinancing.
- Power Generation Asset Ownership: Through projects like Kalangala Infrastructure Services, eleQtra operates infrastructure assets generating recurring revenue from ferry services, power distribution, and water supply to rural communities.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
eleQtra product offering
Product offeringCore offering
eleQtra is a B2B infrastructure project developer that originates, structures, finances and operates greenfield power generation, transport, water and irrigation projects across sub-Saharan Africa, predominantly under PPP and IPP structures. As exclusive development manager of InfraCo Africa since 2005, the company takes projects from concept and feasibility through regulatory approval, PPA negotiation, EPC contracting and financial close, and holds equity stakes in the resulting project companies. The portfolio includes wind farms, solar PV plants, hydroelectric schemes, gas-fired IPPs, multi-sector utilities, marine transport and irrigation concessions spanning Ghana, Uganda, Zambia, Mozambique, Senegal, Cape Verde, Kenya and South Africa.
Product overview
eleQtra is an infrastructure development company that develops, invests in, manages, and operates private infrastructure projects across sub-Saharan Africa. The company operates a portfolio of power generation and transportation projects rather than a unified software platform. The product portfolio includes renewable energy projects (wind, solar, hydro), thermal power plants, multi-sector utility infrastructure (water, transport, power), and marine transport services. Notable products include Solar eleQtra™ (off-grid solar solution), the Cabeolica Wind Farm (first PPP wind farm in sub-Saharan Africa), Cenpower IPP (340MW gas plant in Ghana), Kalangala Infrastructure Services (multi-sector utility in Uganda), and various hydro, solar, and wind projects across Ghana, Senegal, Zambia, Mozambique, Kenya, and South Africa.
Differentiator
Problem solved
Functional benefit
Brands
- Solar eleQtra™: Innovative off-grid solar solution for powering off-grid communities with affordable, clean solar energy. Includes compact units with 640 Wp solar PV panels, 1KW inverter, 2.4 kWh batteries, delivering up to 5 kWh per day.
Products and services
- Solar eleQtra™ Off-Grid Solar Solution An innovative off-grid solar solution providing reliable power to off-grid health centres and communities in sub-Saharan Africa. Each compact unit delivers up to 5 kWh per day using 640 Wp solar PV panels, 1KW inverter, 2.4 kWh sealed batteries and multiple charging ports for devices, lighting and refrigeration.
- Cabeolica Wind Farm A 28MW wind farm spanning four islands of Cape Verde (Sao Vicente, Santiago, Sal and Boa Vista), consisting of 30 Vestas V52 turbines, 4 substations and 33.5 km of power cable, supplying approximately 25% of Cape Verde's energy needs.
- Cenpower IPP (Kpone Combined Cycle Power Plant)
Quantifiable outcome
- 94% increase in patients seen at Buwolero Health Center II following Solar eleQtra installation
- +3 more outcomes
Companies that use eleQtra
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
eleQtra technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
eleQtra partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- InfraCo AfricacoreeleQtra has been the exclusive manager of InfraCo Africa since 2005, developing infrastructure projects utilizing funds from the Private Infrastructure Development Group (PIDG). Renewed development services agreement in 2020 extends relationship to 2021.
- ENGIEcoreENGIE and eleQtra signed Joint Development Agreement for 50MW Ada Wind power project in Ghana. ENGIE entered as 40% partner with approximately $120 million investment. Project expected to start operations early 2019.
- La Honda Solar LimitedcoreJoint venture through Gushie Northern Solar Company Limited (GNSCL) for development of 20MWp Gushie Solar project in Ghana. EleQtra partnered with La Honda to establish GNSCL and obtain provisional generation license.
- G2PminorSouth African developer partnered with eleQtra for South Africa Co-Generation projects - two captive industrial gas co-generation projects.
- SeneleccoreNational electricity utility of Senegal. Offtaker for Leona Wind project under PPA. Government utility responsible for power sector.
- Grindrod GroupcoreInvestment partner with InfraCo Africa for Lake Victoria Marine Transport project. Grindrod serves as commercial services provider and ship's agent.
- Tora Holding S.A.coreMozambican-based partner in Pavua Hydropower project through Shareholders' Agreement signed April 2018. InfraCo Africa and Tora Holding developing project together.
- Mpulungu Harbour Corporation LtdcoreZambia's port operator on Lake Tanganyika, owned by Industrial Development Corporation. Signed MOU November 2020 to develop marine transport service connecting Zambia, Tanzania, Burundi, and DRC.
Scale indicators6 records
Recent moves8 records
Expansion highlights5 records
eleQtra competitors and assessment
Company assessmentEmerging players
- Windlab: Wind energy developer with sub-Saharan Africa footprint including South Africa and Kenya, focused on utility-scale wind projects under similar IPP/PPP structures — directly comparable on the wind development side.
Direct peers
- CrossBoundary Energy: Africa-focused renewable energy IPP developing solar mini-grids and commercial-industrial projects across the continent, operating in similar off-grid/distributed generation niches and securing PPAs with African counterparties.
- AMEA Power: Dubai-headquartered renewable energy IPP with an active sub-Saharan Africa portfolio (wind, solar, storage), competing head-to-head with eleQtra in markets like Egypt and other African jurisdictions for similar tendered projects.
- Globeleq: UK-backed power developer and IPP operating across Sub-Saharan Africa, developing renewable and thermal generation projects in similar frontier/emerging markets and selling under long-term PPAs to state utilities.
Regional players
- BioTherm Energy: South Africa-based renewable energy IPP with multi-technology wind/solar projects under REIPPPP and across the continent — competes in overlapping geographies and uses similar long-term offtake structures.
- Solarcentury / Statkraft Africa: Statkraft (via Solarcentury acquisition) operates utility-scale solar projects across Africa. Comparable as a solar IPP competing for similar tenders and offering renewable project development services to African utilities.
Others
- InfraCo Africa: PIDG-funded infrastructure development vehicle for which eleQtra serves as exclusive manager. While the long-standing counterparty, it operates in the same Sub-Saharan project development space and is the most direct comparator on mandate scope, geography, and project types.
- Africa Finance Corporation (AFC): Pan-African DFI that has financed multiple eleQtra-originated projects (Cenpower, Cabeolica) and itself develops/co-develops infrastructure assets across the continent — comparable as both a financing partner and parallel infrastructure developer.
Broad incumbents
- Mainstream Renewable Power: Global renewable energy developer with significant sub-Saharan Africa presence (South Africa REIPPPP, emerging markets) — a much larger competitor developing utility-scale wind and solar IPPs under the same kind of government-tendered structures.
- Actis (Energy): Global emerging-markets infrastructure investor that has built/operated African power platforms (e.g., Lekela Power) — comparable as both an equity partner and a competing capital source for renewable IPPs in the same geographies eleQtra targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
eleQtra social profiles
Digital presenceeleQtra financial estimates
Financial estimateRevenue estimate
Valuation estimate
eleQtra leadership team
Management profileNumber of profiles
Profiles7 records
eleQtra subsidiaries and ownership
Company hierarchySubsidiaries6 records
eleQtra funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
eleQtra M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about eleQtra
What does eleQtra do?
eleQtra is a B2B infrastructure project developer that originates, structures, finances and operates greenfield power generation, transport, water and irrigation projects across sub-Saharan Africa, predominantly under PPP and IPP structures. As exclusive development manager of InfraCo Africa since 2005, the company takes projects from concept and feasibility through regulatory approval, PPA negotiation, EPC contracting and financial close, and holds equity stakes in the resulting project companies. The portfolio includes wind farms, solar PV plants, hydroelectric schemes, gas-fired IPPs, multi-sector utilities, marine transport and irrigation concessions spanning Ghana, Uganda, Zambia, Mozambique, Senegal, Cape Verde, Kenya and South Africa.
Is eleQtra a public or private company?
eleQtra is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was eleQtra founded?
eleQtra was founded in 2005. It employs 11 to 50 people.
Where is eleQtra based?
eleQtra is headquartered in London, United Kingdom, in the Europe region.
How does eleQtra make money?
Three revenue lines are on record. Infrastructure Development Services are the primary driver. The others are project Equity Investment and power Generation Asset Ownership.
Who are eleQtra's main competitors?
Windlab is listed as an emerging player. Direct peers are CrossBoundary Energy, AMEA Power and Globeleq. Regional players are BioTherm Energy and Solarcentury / Statkraft Africa. Others are InfraCo Africa and Africa Finance Corporation (AFC). Broad incumbents are Mainstream Renewable Power and Actis (Energy).
Does eleQtra have an API?
No public API is recorded for eleQtra.
What industry is eleQtra in?
eleQtra's product category is Infrastructure Project Development. Its primary akta.pro industry code is EUAMAFAJ, Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE). Its NAICS code is 22111 and its SIC code is 1623.