Togo: BOAD backs Kekeli thermal plant project with XOF25bn financing

Energy
Thursday, 21 March 2019 12:18
Togo: BOAD backs Kekeli thermal plant project with XOF25bn financing

(Togo First) - The West African Development Bank (BOAD) will invest XOF25 billion in the construction of the Kekeli Efficient Power thermal plant.

Indeed, the institution’s board during a recent meeting in Dakar approved the investment for this project which has been trusted to Eranove under a 25-year concession agreement.  

The plant, the second after Lomé’s which was built by Contour Global, will cost XOF64 billion. It will be financed with no sovereign guarantee, by Oragroup and the BOAD and be built by Lomé-based firm Kekeli Efficient Power (KEP) SA.

With a production capacity of 65MW, the combined cycle power station will run on natural gas.

While Spanish group TSK is expected to also take part in the infrastructure’s construction, it is Siemens that will provide its gas and steam turbines, as well as technology and maintenance services, whereas Eranove which designed the project and raised necessary funding, will operate the plant.

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