Name of the Project
Kinguélé Aval hydropower plant.

Location
Libreville, Gabon.

Project Owner/s
Asonah Energie, comprising the Gabon Power Company (GPC) and Meridiam, with the support of several major financing institutions – the International Finance Corporation, the World Bank’s private sector, the African Development Bank, the Development Bank of Southern Africa and the Emerging Africa Infrastructure Fund.

The GPC is a portfolio company of the Gabonese Strategic Investment Fund, and Meridiam, an independent investment benefit corporation, specialised in the development, financing and long-term management of sustainable public infrastructures.

Project Description
The project entails the construction of a 35 MW hydropower plant, capable of generating 203 GWh of electricity.

This amounts to an estimated 9% of the country’s current total output, enough to serve 32 000 customers and saving more than 150 000 t/y of carbon dioxide emissions.

Potential Job Creation
The acquisition of construction equipment and materials from Gabonese companies will be favoured, thus supporting the diversification, development and economic recovery of the country.

During the construction period, 800 direct jobs will be created on the site.

Later on, during the operation phase, 20 Gabonese professionals will be responsible for running the hydroelectric plant.

Capital Expenditure
The project is estimated at €178-million.

Planned Start/End Date
The construction of the hydropower plant is expected to start in the third quarter of 2021 and will be completed in 40 months.

Latest Developments
The GPC has signed an agreement for the financing of the Kinguélé Aval hydroelectric power plant.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
GPC, tel +241 11 74 22 46 or email contact@gpc-gabon.com.