Sierra Leone: AfDB loan for CEC’s 50MW HFO plant

The African Development Bank board on 17 December approved a senior loan of up to $20m to finance the construction and operation of a 50MW heavy fuel oil fired power plant, plus interconnection facilities and a fuel pipeline in the Kissy district of Freetown. The project is being developed by Zambia’s CEC Africa Investment Ltd and Abu Dhabi-based TCQ Power Ltd, who signed a power purchase agreement in May 2014 for a total 128MW development.