Wärtsilä and Gabon Power Company (GPC) have signed a concession agreement with the Government of Gabon to develop, build, operate and maintain a 120MW gas power plant. It will be located at the industrial site of Owendo, close to Libreville, the capital of Gabon.
Wärtsilä will lead the project with GPC, a subsidiary of the Sovereign Fund of the Gabonese Republic (FGIS), dedicated to energy and water. According to a full engineering, procurement and construction (EPC) contract, the company will be responsible for the construction of the power plant.
The project, which will be developed under a Public-Private partnership framework, is one of the largest of its kind in Sub-Saharan Africa. When completed, the plant will supply electricity to the Gabonese utility company Société d’Energie et d’Eau du Gabon (SEEG), under a 15-year power purchase agreement (PPA).
In 2022, Orinko S.A., a joint venture between Wärtsilä and GPC, will sign the EPC contract and the O&M agreement. Furthermore, the power plant will be handed over to the Gabonese authorities at the end of the concession agreement.
