Togo inks deals with Emirati firms Al Dahra Holding and AMEA Power

Economic governance
Thursday, 14 March 2019 17:17
Togo inks deals with Emirati firms Al Dahra Holding and AMEA Power

(Togo First) - On the second day of President Gnassingbé’s trip in the United Arab Emirates, two major Emirati groups committed to invest in Togo’s agriculture and energy sectors respectively.

On March 12, Faure Gnassingbé met with the vice president and co-founder of Al Dahra Holding to talk about Togo’s goals in the agro-food industry. On that occasion, Al Dahra’s co-founder declared : “I discussed with the President, mainly about opportunities that Togo has to offer in terms of agriculture and agricultural outputs. We invest in farms and large plantations that span 200 hectares and above.”

AMEA Power commits to buid a 30MW solar power station

Under Togo’s new electrification plan, Togo will build four solar plants by 2025. The first of these facilities will cost $40 million and is already partially financed ($15 million).

During President Gnassingbé’s visit, Togo and AMEA Power inked a memorandum of understanding (MoU) to speed the construction of this first facility.

According to the Togolese Presidency, “with this MoU, this project is becoming a reality. The operator will take the necessary steps to get the rest of the funds needed and quickly complete it.” The agreement was signed by Togo’s minister of mining and energy, Marc Ably-Bidamon Dèdèriwè.

Séna Akoda

 
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