FMO invests $25m in Canada's JCM Power

Dutch development bank FMO has committed to invest up to $25 million in JCM Power, a Canadian-based renewable energy independent power producer developing and operating renewable energy projects in Africa, Latin America and South Asia. The investment agreements allow JCM Power to draw down on FMO's commitment as needed to fund construction equity and the acquisition of additional project interests, with a portion available for development and corporate costs.