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
Firms move beyond payments toward integrated SME platforms Services include invoicing, inve...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
MTN Mobile Money Zambia partnered with Indo Zambia Bank to enable payments via bank POS terminals....
UBA UK, BII sign intent to expand trade finance in Africa Partnership targets funding gaps for in...
The BCEAO now allows UEMOA citizens abroad to open CFA franc accounts under the same conditions as...
A Starlink apresentou um pedido de autorização em junho de 2024 para operar na Namíbia. A empresa continua sua expansão na África, onde já está presente...
Deal covers counterterrorism, conflict prevention, and cybersecurity cooperation EU delivers military equipment under €50 million support...
South Africa’s Happy Pay raises $5 million to expand BNPL services Funds to boost partnerships, technology, and fraud prevention...
Project upgrades 77 km road to boost trade, regional connectivity Initiative aims to create jobs and support economic growth Cameroon and...
AI forces newsrooms to balance automation with credibility and trust Agentic AI boosts efficiency but risks scaling disinformation...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...