Nordgold, an internationally diversified gold producer, has signed an engineering, procurement, and construction (EPC) contract with SUMEC Group, a member of China National Machinery Industry Corporation (SINOMACH), to lead the design and construction of a 33 MW oil-fired power plant in its Lefa mine in Guinea.
The heavy fuel oil (HFO) power plant facility is set to replace the existing facility in the site that could potentially reduce the use of fuel to produce electricity by 15% and the use of engine oil by 30%. The facility could also reduce the emission of greenhouse gases by 17,000 tons per year.
With SUMEC Group as the EPC contractor, Hyundai Heavy Industries will provide the main generating units of the power plant. The development and construction of the project are estimated to cost about US$23 million. The facility is expected to be operational by 2021.
Country updates
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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
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January 23, 2018
InfraCo Africa has acquired a 45% equity stake in the project
InfraCo Africa has acquired a 45% equity stake in the project. The investment will be allocated to early-stage development costs
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June 30, 2017
The project has been fully commissioned
