CONTACT US

  enquiries@eaif.com

  +44 (0) 203 848 6740

€122 MILLION POWER STATION BRINGS MALI 25% ELECTRICITY BOOST

381 local people were recruited to build the plant, which was delivered ahead of schedule. 50 of AEM’s 53 permanent staff were locally recruited.

Mali
Mali
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: €122 million
EAIF: €8.8 million

Opened in October 2018, the 90MW Albatros Energy Mali (AEM) power station increases Mali’s effective base load electricity capacity by 25%.

EAIF has loaned a €5.0 million conventional loan with a 15-year term and a €3.8 million Sha’ria financing facility with a 14-year term. AEM is the Emerging Africa Infrastructure Fund’s s first project in Mali and the first time it provided Sha’ria compliant financing.

AEM also drew on the support of two other PIDG companies. PIDG’s Technical Assistance Facility (TAF) assisted with $500,000 of funding to support legal and environmental studies and GuarantCo provided a €3.8m 13-year Debt Service Reserve Account.

Albatros Energy Mali CEO Koenraad Beckers says,

“Working with the PIDG companies is of great value to us. They bring specialist expertise, innovative thinking and a determination to help us succeed in challenging environments.”

Providing power to up to 4.5 million people, AEM’s new power station is in the Kayes region of Western Mali, one of the country’s most important mining hubs. Mali’s economy will benefit from having a reduced power import bill and more reliable power for business, industry and homes. As large industries become connected to the grid the plant will contribute to their power needs.

381 local people were recruited to build the plant, which was delivered ahead of schedule. 50 of AEM’s 53 permanent staff were locally recruited.

Applying for project support

If you are looking for debt finance for an infrastructure project in sub-Saharan Africa please talk to us.

EAIF mainly supports private sector infrastructure projects to create new or expand existing facilities. We welcome enquiries from companies in Africa and worldwide that want to grow their businesses in sub-Saharan Africa and share our commitment to the continent and its peoples. Enquiries are also welcome from  financial advisers and specilaist consultants.