An engineering, procurement and construction (EPC) contract has been signed for development of 35 MW Kinguélé Aval hydroelectric dam on the Mbei river in Gabon.
The contract was signed by Asonha Energie with Chinese engineering and construction firm Sinohydro.
The construction contract follows a concession clause signed between the Gabonese state and the company Asonha Energie in October 2019, for design, construction, financing, operation, and maintenance of this infrastructure.
The construction works on the project are set to be launched before the end of 2020 and the first commissioning is scheduled for 2023.
At an estimated cost of CFA 80 billion, a third of which has been provided by the International Finance Corporation (IFC) as a loan, the Kinguélé dam Downstream will allow the Gabon Energy and Water Company (SEEG) to optimise production and supply of energy in the region.
Furthermore, the project will avail more than 700 jobs during its implementation phase.