Mali to get €110m hydroelectric project
Electricity and water services provider Eranove Group has signed a 30-year concession agreement with the Republic of Mali to finance, develop, build and operate the €110-million Kenié hydroelectric dam, in Baguinéda, on the Niger river.
The company would develop the 42 MW project, on which construction was expected to start in 2016, through its subsidiary Kenié Energie Renouvelable.
Initial simulations suggested that the project, which would be completed in 2020, could produce around 175 GWh of electricity, which is equivalent to the average yearly consumption of 175 000 households.
According to World Bank estimates, Mali’s current installed power capacity of 414 MW covered only half of potential demand and the dam would help the country respond to meeting that demand.
“Hydroelectricity is a renewable and competitive source of power in terms of production costs and could even play a role in the financial balancing of power sectors and in meeting demand. This would prove hugely beneficial both for local populations and for regional industrial development," Eranove Group CEO Marc Albérola said in a statement.
With an estimated potential of 400 000 MW, "hydroelectric power is one renewable-energy source that is in abundant supply in Africa.
“As part of the regional integration of power transmission networks, hydroelectricity can play a key role in increasing power generation capacity. And we mustn't forget micro- and pico-hydroelectricity either. These small hydroelectric facilities can supply power to villages or groups of villages in remote areas far away from interconnected transmission systems,” he added.
Private equity investment company Emerging Capital Partners would support Eranove.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation