FMO set to invest US$25 Million in JCM Power

JCM Power Corporation announced that FMO – the Dutch development bank – has vowed to invest up to US$25 million in JCM Power.

JCM Power aims to establish long-term partnerships with local communities, governments and financial institutions to build and operate clean energy projects in markets where economies are growing rapidly and electricity is currently scarce, but sun and wind are abundant.

Christian Wray, CEO of JCM Power said “We are thrilled to build on our successful relationship with FMO, who has been a supportive partner in several JCM Power projects to date. Our shared values and passion for bringing renewable energy to growth markets were the driving factors that made this investment possible.”

Linda Broekhuizen, CIO of FMO said “This milestone investment in an entrepreneurial and ambitious renewable energy platform that aims to build high impact projects in emerging markets globally makes us proud. The first investment in Pakistan demonstrates an excellent start of the high impact potential of the platform.”