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The Gabonese authorities have decided for the 2022 financial year to allocate financing of 2 billion FCFA to the company AsonhaÉnergie, a project company owned 60% and 40% respectively by Meridiam and Gabon Power Company (GPC) to develop the Kinguelé dam.

In the official journal which gives this information, it is indicated that this financing falls within the framework of the Public-Private Partnership contract signed between the State, on the one hand, and the company AsonhaEnergie, on the other hand. This money is the annual contribution of the State for the hydroelectric work. This project concerns the design, construction and operation of a hydroelectric power station with a capacity of 35 MW.

Located 100 km east of Libreville on the Mbéi River, on the edge of the Monts de Cristal National Park, it will eventually supply the national grid with 205 GWH per year and will provide around 13% of Libreville electricity. This makes it possible to replace existing thermal capacities and save more than 150,000 tonnes of CO2 emissions per year. The overall project itself costs 179 million euros (117.4 billion FCFA) under a concession agreement concluded for a period of 30 years.

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