Gabon - Kinguele Aval Hydropower Project


Project Summary

Approval Date 30 Jun 2021
Signature Date 02 Jul 2021
Sovereign / Non-Sovereign Non Sovereign
Sector Power
DAC Sector Code 23220
Environmental Category 1
Commitment U.A 15,409,507.67
Status Approved

Project General Description

Le projet comprend la conception, la construction et l'exploitation de la centrale hydroélectrique de Kinguélé Aval, d'une puissance installée estimée à 34,1 MW et d'une production brute annuelle nette de 203 GWh. Le projet sera situé à90 km de Librevillesur la rivière Mbei, située à côté des Monts de Cristal (région de l'Estuaire, Nord-Ouest du Gabon). Deux barrages hydroélectriques, construits en amont dans la vallée de Mbei, régulent le fleuve à savoir Kinguélé Amount (57,6 MW), à 10 km en amont et Tchimbélé (68 MW), à 50 km en amont. Toute l'électricité produite par le projet devrait être vendue au gouvernement du Gabon (« GoG ») sur une base Take or Pay.

Project Objectives

The Project will provide 34.1MW of reliable, affordable, and clean energy generation capacity to the population. Furthermore, the Project is expected to offer baseload electricity at a competitive tariff.In addition, it will contribute to improve socio-economic development through support of economic activity,while providing cost effective reliable energy sources needed to boost economic sectors and address the population’s expectations while contributing to social stabilityand transition towards green growth in the energy sector, supporting Gabon’s 100% clean energy target (with 80% hydropower) by 2025 through increase in renewable energy supply, household access to clean energy and associated green jobs.

Beneficiaries

Asonha Energie S.A, the project company, has been created by the international consortium comprised of(i) Meridiam: a leading global investor and asset manager based in Paris specialized in developing, financing and managing long-term public infrastructure projects and (ii) Gabon Power Company (“GPC”): a holding company created in 2015 by the Fonds Gabonais d’Investissement Stratégique (“FGIS”) to contribute to financing energy and infrastructure projects in Gabon.

Participating Organization

Funding
African Development Bank

Information

IATI identifier 46002-P-GA-F00-008
Last Update 03 Oct 2022

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Contact Details

Email private-sector@afdb.org

Geographic Location

Country Gabon
Coordinates Location Name
0.392501 9.45365 Libreville