InfraCo Africa and Solveo Energie have signed a 25-year Power Purchase Agreement (PPA) with Electricité de Guinée (EDG) for the Khoumagueli Solar IPP project in Guinea.
The 40MWac Khoumagueli Solar project will be Guinea’s first grid-connected solar photovoltaic plant and is designed to complement power generation at the nearby 75 MW Garafiri hydroelectric plant. The facilities will combine to maximize delivery of renewable energy to the national grid, with Khoumagueli Solar expected to mitigate against the impact of fluctuating rainfall on hydropower generation at the Garafiri plant.
EPC procurement is at a mature stage, and initial discussions with lenders have begun.
Country updates
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May 03, 2021
EIB grants EUR330mn support for Guinea-Mali interconnector project in West Africa
The Guinean government, representatives of the European Union, and the European Investment Bank (EIB) have signed a financing contract for the development of a Guinea-Mali interconnector project...
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May 04, 2020
Nordgold awards EPC contract to SUMEC for 33 MW power plant in Lefa mine
Nordgold, an internationally diversified gold producer, has signed an engineering, procurement, and construction (EPC) contract with SUMEC Group, a member of China National Machinery Industr...
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March 04, 2019
Brahms Oil Refineries appoints Africa Finance Corp as FA for Petroleum Refining and Storage Infrastructure Project
Emirati-based Oil & Gas company, Brahms Oil Refineries Ltd, has appointed Africa Finance as Financial Adviser for the development of the Petroleum Refining and Storage Infrastructure Pro...
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April 10, 2018
Financial close for 50MW thermal power plant in Guinea
With support from the Overseas Private Investment Corporation (OPIC) and CDC, the development finance institutions of the USA and UK respectively, the Tè Power project has reached financia...
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January 23, 2018
InfraCo Africa has agreed to acquire the stake
InfraCo Africa has agreed to acquire the stake. InfraCo's investment will be allocated to early-stage development costs
