For private sector projects, we establish a joint venture (JV) with the project owner by forming a NewCo (new company) under the project name. This newly formed entity reflects the agreed shareholding structure, with 51% held by us and 49% by the project owner. The NewCo serves as the official vehicle for project implementation, financial management, and operations. A joint bank account is opened in the name of the NewCo to ensure transparency and accountability in all financial transactions.

We provide 100% of the project funding, while the project owner is required to cover 2% of the total repayment amount (capital plus the 50% margin). This amount accounts for bank charges, risk insurance, and associated processing and compliance fees.

The shareholding arrangement is transitional and will be transferred back to the project owner upon full repayment of the funding. The typical repayment structure is as follows:

• Total repayment amount: Capital provided plus a 50% margin

• Repayment period: 10 years total

• Repayment term: Payable over 8 years following the grace period

• Grace period: No capital repayment required during the first 2 years

This JV model offers the project owner full access to project funding with minimal upfront costs, while providing a clear and equitable path to full ownership. It is designed to promote project success, financial sustainability, and long-term collaboration.