143 MW hydro project in Sierra Leone secures financing
Electrification Financing Initiative has committed US$3.5 million of development capital to finance 50% of the external development expenses needed to reach financial close of the 143 MW hydropower project in Sierra Leone.
Joule Africa, the project sponsor, signed a 25-year PPA with the Government of Sierra Leone in August 2017.
Construction is scheduled to begin by the end of 2019.
Country updates
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December 04, 2017
The Goverment of Sierra Leone has ratified the construction of the project which is the expansion of the existing hydropower plant
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July 08, 2017
Joule Africa and the government of Sierra Leone signed a 25-year power purchase agreement from a 143-MW expansion of the 50-MW Bumbuna station
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June 07, 2017
EOI for solar mini-grid systems through PPP in Sierra Leone
The Government of Sierra Leone through the Ministry of Energy has launched a request for expression of interest (RFEOI) for a solar mini-grid operation under a PPP arrangement.
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October 27, 2016
IFC leads financing for Sierra Leone IPP project
IFC, a member of the World Bank Group, has announced a commitment of US$27 million in senior debt to support the Western Area Power Generation Project in Sierra Leone—the first of its kind in the coun...
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September 14, 2016
Joule Africa strengthens senior team
International power project developer, Joule Africa has hired Paul Kunert as Chief Operating Officer to help build the team that will deliver Bumbuna II HPP and the pipeline of projects under developm...
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