The Emerging Africa Infrastructure Fund (EAIF), a joint public and private investment fund owned by the Private Infrastructure Development Group and managed by Investec Asset Management, has provided a US$25 million loan to CECA SL Generation, a joint venture set up by power developers TCQ Power and Globeleq to build a 57 megawatt oil-fired power station in Freetown, Sierra Leone. In addition to the main power plant, the project also involves building a new substation, work to the grid and a 2.5 kilometer fuel pipeline.