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Kinguélé Aval Hydroelectric Dam Gets Financing from Development Banks

As part of the construction of the Kinguélé Aval hydroelectric dam (35MW), the project company Asonha Energy has received the first installment of the non-sovereign financing of XAF 81 billion granted by the International Finance Corporation (IFC), the African Development Bank (AfDB), the Development Bank of Southern Africa (DBSA), and the Emerging Africa Infrastructure Fund…
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ACTIS SIGNS DEAL TO SELL RENEWABLE YET ANOTHER ENERGY PLATFORM

ACTIS SIGNS DEAL TO SELL RENEWABLE YET ANOTHER ENERGY PLATFORM
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Wanted: funding models that deal with Africa's infrastructure paradoxes


On the Mbei river, about 85km east of the Gabonese capital of Libreville, plans are well advanced for a 34MW “run-of-the-river” hydroelectric plant.
Unlike bigger hydroelectric stations that depend on a dam, Kinguele Aval will have a modest reservoir that should, at least in theory, minimise environmental destruction.
It is expected to generate enough electricity for one in six residents of Libreville, a city of about 700,000 people
The $205m plant will be owned by a joint venture between Gabon’s sovereign wealth fund and Meridiam Infrastructure Africa Fund — a French investor that has 14 projects on the continent, including a biomass plant in Ivory Coast, a geothermal station in Ethiopia and a port in Nouakchott, Mauritania. ....

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