Anchor Markets is pleased to announce that it has exited its investment in Mera Gao Power (MGP), a leading provider of rural microgrid lighting services in Uttar Pradesh, India. The investment, structured as a fixed interest rate debt in 2013, was repaid in full to the syndicate of lenders.
MGP was part of Anchor Markets’ impact investment portfolio strategy. The company operates solar microgrids in Uttar Pradesh, one of India’s poorest states, providing rural villages with lighting and basic mobile power charging services. The company enables better education for children, greater security, and increased quality of life and activities in participating villages and households.