2023-11-09 06:00:00
Kinguélé Aval: Asonha Énergie receives the first tranche of its financing from international donors
November 8, 2023
Libreville (Gabon), November 7, 2023 – As part of the construction of the Kinguélé Aval hydroelectric dam (35MW), the project company Asonha Énergie received a first tranche of non-sovereign financing of 81 billion FCFA granted by the International Finance Corporation (IFC)*, the African Development Bank (AfDB), the Development Bank of Southern Africa (DBSA) and Emerging Africa Infrastructure Fund (EAIF).
This significant contribution from donors is in addition to the 34 billion FCFA (XAF) mobilized in equity by the two shareholders of the company Asonha Énergie, namely Meridiam (60%), a mission-driven company specializing in financing and development. sustainable infrastructure, and Gabon Power Company (40%), the subsidiary of the Gabonese Strategic Investment Fund (FGIS) dedicated to water and energy.
« This important milestone for the Kinguele Aval project demonstrates the capacity of the Gabonese government and its partners to mobilize private capital and non-sovereign financing for the realization of structuring projects in the energy sector in Gabon, meeting the highest environmental standards and social. » declares Philippe OSSOUCAH, Chairman of the Board of Directors of Asonha Énergie.
This first payment from donors will make it possible to continue the work in progress which has seen significant progress in recent months. “ Obtaining this first drawing from international lenders reflects the confidence of these financial institutions in our project and our ability to positively and sustainably change the daily lives of thousands of Gabonese people. », Explains Sylvain Bouyé, general manager of Asonha Énergie.
The Kinguélé Aval hydroelectric dam site currently employs 400 employees, including 300 Gabonese. It is located 100km east of Libreville on the Mbei River, on the edge of the Monts de Cristal National Park. This plant will have a capacity of 35MW and will ultimately supply the national network with 205GWh per year.
The green electricity production installation will contribute to the replacement of existing thermal capacities and provide approximately 13% of the needs of Greater Libreville, allowing Gabon to save more than 150,000 tonnes of CO2 emissions per year.
#Kinguélé #Aval #Asonha #Énergie #receives #tranche #Gabonews