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Mali: Eranove to build Kenié hydro plant
Paris-based Eranove signed a 30-year concession agreement on 18 June to finance, build and operate a 42MW hydropower plant on the Niger River. The Kenié project at Buguinéda, 35km east of Bamako, will be operated by a new Eranove subsidiary, Kenié Energie Renouvelable, owned 80% by Eranove and 20% by IFC InfraVentures. Eranove said construction would begin in 2016, and the plant would be commissioned in 2020. The project represents Eranove’s first foray into Mali, but the company is active elsewhere in West Africa.
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