Mar 16 | 2022
Mauritius-based Tembo Power has issued an invitation to partner in financing two run-of-river hydropower projects in Burundi.
The projects include the 9.6 MW Dama station at Rumonge (Dama River) and the 12.4 MW Sigu station at Bururi (Siguvyaye River).
Both projects are expected to generate a combined 105 GWh every year and are estimated to cost $65m in total. Tembo Power is seeking to reach financial close by Q2 2023, with Dama expected to require a capex of $34.752m while Rumonge requires $31.721m.
“These two run-of-river medium and high-head projects have minimal environmental & social impacts and are developed according to the most stringent standards to attract international lenders,” the company said in its invitation to submit expressions of interest.
Both project’s feasibility studies have been approved by Burundi’s Ministry of Energy in 2021, while their local environmental & social impact assessment were approved in January 2022. Power Purchase Agreements (PPAs) have been drafted and are currently under negotiation.
Tembo Power is looking for a partnership under which it would retain 45 to 55% of the project’s stake along with its local partner. The EPC contractor may subscribe to up to 10%, leaving new investors with a 35 to 45% stake.
The required documents should be submitted by e-mail to [email protected], no later than 31 March 2022., by close of business Mauritius Time.
Tembo Power is an independent renewable power producer funded by private investors, based in Mauritius, and developing medium-sized hydroelectric projects (<50MW), as well as photovoltaic projects (as part of hydro-solar hybrid systems) in Sub-Saharan Africa, with the aim to provide reliable and affordable electricity to remote areas of that region.
This article was provided by our strategic partner Hawilti
Both projects are expected to generate a combined 105 GWh every year and are estimated to cost $65m in total. Tembo Power is seeking to reach financial close by Q2 2023, with Dama expected to require a capex of $34.752m while Rumonge requires $31.721m.
“These two run-of-river medium and high-head projects have minimal environmental & social impacts and are developed according to the most stringent standards to attract international lenders,” the company said in its invitation to submit expressions of interest.
Both project’s feasibility studies have been approved by Burundi’s Ministry of Energy in 2021, while their local environmental & social impact assessment were approved in January 2022. Power Purchase Agreements (PPAs) have been drafted and are currently under negotiation.
Tembo Power is looking for a partnership under which it would retain 45 to 55% of the project’s stake along with its local partner. The EPC contractor may subscribe to up to 10%, leaving new investors with a 35 to 45% stake.
The required documents should be submitted by e-mail to [email protected], no later than 31 March 2022., by close of business Mauritius Time.
Tembo Power is an independent renewable power producer funded by private investors, based in Mauritius, and developing medium-sized hydroelectric projects (<50MW), as well as photovoltaic projects (as part of hydro-solar hybrid systems) in Sub-Saharan Africa, with the aim to provide reliable and affordable electricity to remote areas of that region.
This article was provided by our strategic partner Hawilti
