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Togo: Opic funding for Lomé plant

US firm ContourGlobal has signed a $146m non-recourse financing agreement with the Overseas Private Investment Corporation (Opic) for the construction of a 100MW power plant in Lomé (AE 144/13). The project is due on stream by year-end. It will be powered by six Wärtsilä 18V50DF engines (16.6MW each), which can operate on natural gas, heavy fuel oil (HFO), and distillate diesel oil. The project will operate on HFO until gas becomes available from the West African Gas Pipeline. Contour Global has a 25-year concession and power purchase agreement to sell its power to Togolese distributor Compagnie d’Energie Electrique du Togo.

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