Using Sunshine to Power Cell Towers in Sierra Leone and Liberia
In Sierra Leone and Liberia, MIGA backed investors in Escotel, a company that retrofits remote mobile phone towers with solar panels, batteries, and sophisticated remote power-management systems that improve their operational performance and slash their use of diesel fuel by 75 percent, on average.
Escotel CEO Michel Hubert sits down for an interview with Juan David Reyes, Underwriter at MIGA. “Our operations are capital intensive, and, by their nature, they are located in fragile countries,” says Hubert. “The ability to share the political risk with MIGA was a very important consideration for investors, and it helped us raise capital.”