Turkey's Aksa Enerji announced a project on Tuesday to build a 119 MW fuel oil power plant in Ouagadougou, the capital of Burkina Faso. The company also announced the signing of a 20-year electricity sales contract with the national utility Sonabel, guaranteeing the full offtake of the plant's production for two decades.
The construction cost for the infrastructure was not disclosed. The company stated that the power plant will be commissioned in the last quarter of 2026. It said the plant aims to meet growing energy demand, driven by urbanization and a rising population. It will strengthen the reliability of the electricity supply in the capital and surrounding areas, and its construction and operation will create local jobs and involve regional suppliers.
Cemil Kazancı, Chairman of the Board and Chief Executive Officer of Aksa Enerji, said this project aligns with the Turkish company's strategy in Africa, where it has already built several energy infrastructures, such as in Senegal and Ghana. He cited its ability to provide fast and effective technical solutions due to its financial strength and over 25 years of experience on the continent.
"The initiative we are taking today reflects our vision of creating long-term value in Africa," he said. "To contribute to Burkina Faso's energy supply security goals, we will mobilize our experience and competencies to deploy our fastest and most effective solutions. As with our previous projects on the African continent, I am confident we will succeed in this one as well."
The project provides Burkina Faso with a concrete instrument to close the gap between the supply and demand for electrical energy. The reinforcement of infrastructure also contributes to economic growth and energy security. Separately, Aksa Enerji is conducting other major projects in Africa, such as the construction of a 1000 MW power plant in Gabon.
Olivier de Souza
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
East Africa processed 38,500 tons of cashews in 2025, up 5% Tanzania led growth, processing 20,000 tons, 52% regional share Processing capacity...
EIB commits over €1 billion for renewable energy in sub-Saharan Africa Funding supports Mission 300 electrification goal for 300 million...
Mali approves decree creating National Agency for Investment in Local Authorities ANICT to manage grants, guarantee loans, support local development...
Kenya signs deal with South Korea’s YOUNGJIN for Nairobi BRT Line 5 $59 million Korean loan finances 10.5 km line with 13 stations Project aims to...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...