Togo: Eranove officially gets license to build Kékéli Efficient Power thermal plant in Lomé

Economic governance

Thursday, 25 October 2018 10:04

Togo: Eranove officially gets license to build Kékéli Efficient Power thermal plant in Lomé

(Togo First) - Eranove has officially gotten license to build and operate the Kékéli Efficient Power thermal plant in Lomé’s port zone.

Related concession agreement was signed October 23, 2013, by Eranove’s CEO, Marc Alberola and Togo’s minister of mines and energy, Marc Dèdèriwè Ably-Bidamon.

Works will last 18 months for a total cost of CFA64 billion. While the required investment will be provided by BOAD and Oragroup, the works will be carried out by Spanish firm Grupo TSK (EPC).

Once built, the power plant will generate 65MW, using a combined cycle technology which helps produce more power with no additional gas consumption while reducing carbon dioxide emissions into the atmosphere.

Eranove will develop, operate and maintain the plant at first but it will finally be run and managed by the Togolese government.

According to local authorities, the plant which will boost the country’s output will also help it “reach energy independence by 2030”.

The newly signed agreement is a major milestone in the framework of Eranove’s expansion. Indeed, the pan-African group already operates 1,247MW of power and develops projects that aim to add 1,000MW to the continent’ production capacity.

Octave A. Bruce

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At the fifteenth position, worldwide, and first in Africa, under the Starting a Business index of the 2020 Doing Business ranking, Togo sustains its reformative dynamics with more reforms….

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Creation of special chambers of commerce for small debts • Creation of chambers of commerce at the Court of Appeal • Civil and commercial cases now handled by distinct clerks • Establishment of commercial courts in Lomé and Kara • Lawyers and bailiffs now have access to the FORSETI COMMERCIAL platform • A maximum period of 100 days was fixed to settle a commercial dispute .

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In comparison to previous years, Togo has significantly improved its ranking on the “Trading across borders” index by adopting multiple reforms that focus mainly on the digitalization and reduction in delays, for import and export procedures related to import and export.

CONSTRUCTION PERMIT (more info)

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PUBLIC PROCUREMENT (more info)

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