Gabon’s energy needs aim to provide a response to both the growing demand in terms of energy needs and stabilization of the national grid through sufficient installed power capacity. It is within this framework that Meridiam and FGIS wish to upgrade national electricity production. Upgrading of the national electricity production is to be implemented through the Kinguélé Aval Hydroelectric Dam.
The dam is designed to generate 34 MW with a hydroelectric power plant on the River Mbé. The site of the dam and its reservoir is located across both the buffer zone and the heartland of the Monts de Cristal National Park, downstream of two existing installations (Kinguélé and Tchimbélé) operated by SEEG. Construction work on the Kinguélé Aval Hydroelectric dam reportedly was scheduled to begin in the 3rd quarter of 2020 and its commissioning is scheduled for 2024.
Once delivered, the facility will supply approximately 13% of Libreville’s electricity needs or 205 GWh per year. Asonha Energie will sell this electricity to Société d’énergie et d’eau du Gabon (SEEG), under a 30-year power purchase agreement (PPA).
The completed project will also contribute to the replacement of existing thermal capacity in Gabon, thus avoiding the emission of 150,000 tons of CO2 emissions per year. FGIS and Meridiam plan to invest €150 million (nearly 98.4 billion CFA francs) to implement the Kinguélé Aval Hydroelectric Dam, in partnership with several international financial institutions.