Togo: towards the official commissioning of the Kékéli Efficient Power thermal power plant

The “Kékéli Efficient Power” thermal power plant, developed in Lomé by the French group Eranove, will be inaugurated on April 23, 2021 in the port area of ​​the Togolese capital. The infrastructure has an installed capacity of 65 MW, and uses combined cycle technology, which produces more electricity without additional gas consumption and limiting CO2 emissions.

According to information communicated in 2019 by Eranove, the Togolese State is a co-shareholder of the plant through the acquisition of a stake by Kifema Capital, an investment company whose shareholders are the sovereign fund Togo Invest, and other national institutions. . Kifema’s participation in this project is 25% equity financing.

As a reminder, the closing of the financing (about 60 billion F CFA) for the power plant took place in July 2020. The operation was co-arranged by Oragroup and the West African Development Bank (BOAD), and was attended by several other financial institutions including Orabank Togo, Africa finance corporation (AFC), Banque Atlantique Togo, the International Bank for Africa in Togo (BIA Togo) and NSIA Banque Bénin. Attijariwafa bank Maroc was announced as the financing loan agent, while a liquidity extension guarantee was granted to commercial banks by the GuarantCo fund, a member company of the Private Infrastructure Development Group (PIDG).

“This is the first time in the region that such financing has been provided by African financial institutions in such a large proportion in CFA Francs (70%) and with such an innovative guarantee mechanism”, commented Ferdinand Ngon Kemoum, CEO of Oragroup.

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