Empower Energy was founded to provide access to dependable and affordable electricity by developing and constructing commercially viable renewable energy projects in Sub-Saharan Africa.
Our strategy is to develop multiple projects concurrently to capture significant cost savings and create portfolios of projects that together are an attractive investment to investors. We have secured more than 15 run-of-river hydro sites in Tanzania that are in various stages of development.
We employ the independent power producer (IPP) business model to develop its renewable power projects. We identify project sites, secure permits, execute power purchase agreements, structure funding for construction, and use the revenue from electricity sales to repay debt and pay dividends to equity investors renewable power sector.
Empower Energy is seeking funding to accelerate the development of its projects so that it can then bring in construction phase equity and debt investors.