Page 18 - AfrElec Week 03 2023

AfrElec GAS GENERATION AfrElec

KARMOL secures financing for

FSRU in Senegal

SENEGAL KARMOL, a joint venture between Turkish The FSRU project, which arrived in Senegal
company Karpowership and Japanese firm in May 2021, has long been delayed due to mar-
Mitsui OSK Lines, has secured financing for a ket conditions. Now, with funding secured, the
floating storage and regasification unit (FSRU) FSRU will enable the continued supply of elec-
in Senegal. tricity to Senegal through the Karpowership 236
An FSRU is a liquefied natural gas (LNG) MW floating power plant, Karadeniz Powership
storage ship that has an onboard regasification Ayşegül Sultan.
plant. The plant changes LNG into a gaseous The unit was originally a 125,000m³ LNG
state and then supplies it directly to the gas carrier, which was converted by GAS Entec,
network. a Korean company. It will be connected to the
The funding for the unit has come from two Karpowership plant in Port Dakar and replace
Japanese financial institutions, Japan Bank for Senegal’s existing floating power plant, which
International Cooperation (JBIC) and MUFG uses oil.™
Bank, alongside the Senegal LNGT Company,
for an amount of up to $71mn.

Ivory Coast signs deal for

50MW PV solar energy plant

IVORY COAST IVORY Coast has signed a concession agree- took place on the sidelines of Abu Dhabi Sustain-
ment and 25-year Power Purchase Agreement ability Week, Hussain Al Nowais, Chairman of
(PPA) for a 50MW PV solar plant, a signifi- AMEA Power, said that the company is proud to
cant step towards the country meeting its clean support the Ivory Coast’s efforts to meet its clean
energy goals. energy ambitions.
The plant will be located in the city of Bon- “AMEA Power has a proven track record of
doukou in the northeastern region of Gontougo. delivering projects in West Africa. The region
The project, which is being fully developed by has a great amount of untapped potential for
AMEA Power under a Build-Own-Operate and renewable energy and green hydrogen. As
Transfer (BOOT) model, is set to generate more AMEA Power expands its investments across
than 85GWh of clean energy per year, which is Africa, we will work in partnership with gov-
enough to provide power to 350,000 people. ernments, businesses and local communities to
It will be the first Independent Power Pro- develop projects,” said Al Nowais.
ject (IPP) in the West African country and will Al Nowais also highlighted the untapped
help it work towards its goal of raising the share potential for renewable energy and green hydro-
of renewable energy in the country’s electricity gen in the region, and stated that AMEA Power
generation mix to 42% by 2030. will work in partnership with governments,
The project will be offtaken by Compagnie businesses, and local communities to develop
Ivoirienne d’Electricité, which is responsible for projects as the company expands its investments
the electrical network throughout the country. across Africa.™
Speaking at the signing ceremony, which

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