The Danish power plant specialist Burmeister & Wain Scandinavian Contractor A/S (BWSC) has been awarded a US$105.7mn contract to build a high-efficiency power plant which will increase the power capacity in Mali by 25 percent.
The IPP project has been developed by Redox Power Solutions Ltd supported by BWSC who together with the Investment Fund for Developing Countries (IFU) and African Infrastructure Investment Managers (AIIM), have invested in the local project company Albatros Energy Mali.
The project is furthermore financed by several strong financial institutions comprising the Islamic Development Bank, the Islamic Corporation for the Development of the Private Sector, West African Development Bank, OPEC Fund for International Development, Emerging Africa Infrastructure Fund and GuarantCo. Total investment is around US$146.8mn of which BWSC will invest around EUR 3.5 million.
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The project and the resulting improved infrastructure is expected to have a positive impact on employment, growth and development in Mali.
Initially, BWSC expects to create around 300 jobs in connection with the construction of the plant and later around 50 permanent jobs in connection with operation and maintenance of the plant.
”After more than 2 years of intense project development efforts, we are of course very pleased and very proud that this important project has been secured. In Mali, less than 30% of the population has access to electricity, and the power supply from the new power plant will be a significant catalyst for growth and development in the country. At BWSC, we are very pleased to be part of and contribute to this positive development for Mali and not least the Malian people” says CEO Anders Heine Jensen, BWSC.
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About BWSC
Burmeister & Wain Scandinavian Contractor A/S (BWSC) is a Danish engineering and contracting company which develops, builds, operates and owns high-performance engine-based and boiler-based power plants. The majority of the projects are supplied as turnkey plants, and BWSC has delivered more than 180 power plants to 53 countries worldwide with a total capacity of more than 3,500 MW.
Currently, BWSC has on-going activities in the UK, Faroe Islands, Northern Ireland, Lebanon, Mauritius, Sri Lanka and Kenya. In 2016, BWSC had a turnover of EUR 395 million, and the order backlog amounted to EUR 898 million at end-2016. In February 2017, BWSC acquired the Danish boiler manufacturer Burmeister & Wain Energy (BWE) and thus secured its position as a leading energy company on the global market for small and medium-sized biomass power plants.
BWSC originates from the stationary engine division of Burmeister & Wain (B&W), which has built and installed diesel engines since 1904. BWSC was established as a separate specialist company in 1980 and was acquired by Japanese Mitsui Engineering and Shipbuilding Co. Ltd. in 1990.
