Mali: the President inaugurates 90 MW thermal power plant

The President, Ibrahim Boubacar Keïta. Photo: Malijet

NEWSROOM (ADV) – A thermal plant with an installed capacity of 90 MW was inaugurated this Wednesday in Kayes (615 km north-west of Bamako), less than 100 km from the border with Senegal, by Malian President Ibrahim Boubacar Keïta, announced a statement from the presidency.

The cost of the project is approximately 84 billion CFA francs (about 146 million US dollars). Its realization is based on the principles of project financing with a contribution of 30% by the shareholders of Albatros Energy Mali SA and 70% by the lenders.

Albatros Energy Mali SA is an Independent Power Producer (IPP) company entirely dedicated to the construction and operation of a thermal power station. In 2010, it signed a concession agreement with the Malian government and a power purchase and supply agreement with Energie du Mali (EDM) in 2016 for a period of 20 years, the statement said.

According to the text, 514 jobs were created during the construction of the thermal power station, which will offer connection possibilities with the mining industries in the region, thus enabling a substantial reduction in production costs for the benefit of these units.

© Bur-csa – N.W – African Daily Voice (ADV)