Gabon: AIIM Hydroneo to develop hydro plants
Issue 319
- 10 Mar 2016
| 1 minute read
AIIM Hydroneo announced on 7 March that it had signed a memorandum of understanding with the government in January to develop, finance, build and operate several hydroelectric power plants in Gabon. AIIM Hydroneo is a 50:50 joint venture between African Infrastructure Investment Managers (AIIM) and Hydroneo Afrique, a subsidiary of France’s Mecamidi, established to develop a pipeline of small and medium hydroelectric projects in Cameroon, Côte d’Ivoire, Gabon, Guinea and Mozambique. The pipeline is expected to deliver power plants with combined capacity of 200MW and worth $500m over the next five years.
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