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Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd
Burkina Faso has secured $300mn in financing for a new thermal power plant, its largest energy infrastructure project to date, as the junta-led state intensifies efforts to bolster economic self-reliance and reduce dependency on regional neighbours.
The Africa Finance Corporation (AFC) provided the corporate loan facility, with an initial $60mn already disbursed to Turkish developer Aksa Enerji, which will build and operate the 119MW facility. The plant is slated to begin commercial operations in 2027.
Source: newsthemegh.com