The Director-General of the pan-African industrial group Eranove, Marc Albérola have signed a power generation concession agreement with Togolese Minister of Mines and energy, Marc Dèdèriwè Ably-Bidamon, for the commissioning of Kékéli Efficient Power plant, which will be located in the Lomé port area in Togo.
The project follows a competitive dialogue launched in January 2018. It includes the participation of Siemens, which wishes to be actively involved in the electrification efforts of the Togolese Republic, and will provide the turbines, technology and maintenance services for the power plant.
The construction will be carried out by the Spanish group Grupo TSK (EPC). As for the financing to be mobilized in CFA francs, the West African Development Bank (BOAD) and the pan-African banking group Oragroup will be the lead partners. The Eranove group will develop, operate and maintain this plant, which will eventually be operated and managed by Togolese people.
With an installed capacity of 65MW, the Kékéli Efficient Power gas plant will use combined cycle technology. The technology makes it possible to produce more electricity without extra gas consumption while limiting CO2 emissions into the atmosphere, thereby contributing to electricity production that respects the sector’s economic and financial balance and the environment.
Promoting national economy
According to Marc Dèdèriwè Ably-Bidamon, Togo’s minister of mines and power, the structuring and strategic project is in line with the dual will of Faure Essozimna Gnassingbé, President of Togo, and the government to promote the national economy and cope with the ever-increasing demand for electrical power. The minister also said that the plant will be at the service of the development of the entire Togo development and provide extra electrical power for some 263,000 Togolese households.
Developing the Kékéli Efficient Power plant in Togo is also an important step in the growth of the pan-African industrial group Eranove. Eranove already operates 1,247 MW of generating capacity and is currently developing projects aiming to bring 1,000 MW to the continent’s service.
Backed by its leading shareholder Emerging Capital Partners (ECP), a pan-African leader in private equity raising US $3bn of assets dedicated to the African continent, Eranove Group is developing numerous projects in Côte d’Ivoire, Gabon, Madagascar and Mali.