Yoma Micro Power Pte Ltd, a Myanmar-focused micro-power plant operator, has announced the close of a $28 million investment from the International Finance Corporation, Norfund and Yoma Strategic Holdings.
While Yoma Strategic Holdings will invest $8 million, IFC and Norfund will inject $7 million each in the form of equity and Government of Canada will extend a debt facility of $6 million. Post the investment, IFC and Norfund will hold 30 per cent stake each in the firm, while Yoma Strategic will own 35 per cent.
