PROJECT

Projects

Summary of Early Disclosure

Project Number

41172

Company Name

ASONHA ENERGIE SA

Early Disclosure Date

Jun 18, 2020

Country

Gabon

Region

Africa

Last Updated Date

Jul 28, 2022

Sector

Large Hydro - Renewable Energy Generation

Industry

Infrastructure

Department

Regional Industry - INF Africa

Provisional Environmental and Social Category

A - Significant

Project Description

 

The proposed IFC financing will support the 34MW run-of-the-river Kinguélé Aval hydro power project located on the river Mbei, 85km East of Libreville in Gabon. The Project will be implemented by Asonha Energie, a company 60% owned by Meridiam and 40% by the Gabonese Strategic Investment Fund (“FGIS”) - acting through its subsidiary, the Gabon Power Company (“GPC”).  The Project will sell its entire output to the Government of Gabon (“GoG”) under a 30-year Power Purchase Agreement (“PPA”).  The Project will help optimize Gabon’s hydro potential, displace expensive emergency or thermal power, provide low-cost energy and help meet the country’s demand. The Project will reinforce the existing hydropower cascade on the Mbei river comprised of two existing power plants (Kinguélé and Tchimbélé) for a combined capacity of 120MW. Total estimated project costs are c.€176 million and IFC will propose an A Loan of up to €40 million, a senior concessional loan from IFC as implementing entity of the Canada-IFC Renewable Energy Program for Africa of up to $25 million and risk management products such as interest rate and/or cross currency swaps. 

Environmental Assessment Attachments

File Name Actions
8210771_EIES_PGES_Kinguelé aval_Final_Bailleurs_rev3v1 (1).pdf
BAP_Kinguelé aval_May 2020 (1).pdf
c RAPPORT_COLLECTE_DONNEES_Pygmées_V7_28032020_with_Appendixes.pdf
PEPP_Kinguele_April 2020 (1).pdf
PRME_Kinguele_March 2020.pdf