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.
Oilfieldafricareview offers you reviews and news about the oil industry.
Get updates lastest happening in your industry.
Thank you for subscribing...