Burkina Faso: Africa50 interested in financing Ouaga-East thermal power plant

Oct 25, 2017 | Ecofin Agency

Pan-African infrastructure-focused investment fund, Africa50, plans to finance the Ouaga-East thermal power plant, in Burkina Faso. With a capacity of 100MW, the plant will be built near the Ouaga II University.

"Talks to appoint a contracting firm for the thermal plant were held last week. Once, this firm is known, the next issue to be discussed is that of financing. We believe we can negotiate with Africa50 to gather sponsors and lenders to develop the project," said Alfa Oumar Dissa, minister of Energy, at the end of a meeting with the fund's executives, Sidwaya reports. "We must proceed as fast as possible. I have instructed my collaborators and my teams to develop projects in the shortest delays because we are aware of how important infrastructures are for this country's economy and its people," said for his part the fund's president, Alain Ebobissé. Africa50 is controlled by 25 African countries, including Burkina Faso. Last September, the fund announced it would take part to the development of the 120MW Malicounda power plant, which is under construction in Senegal. Source: Ecofin Agency