📋 Tender Overview
Scope :
Nant Energy plant set to become country’s main source of electricity. The project is being undertaken using a build-own-operate-transfer (BOOT) model.
The project developers are Nairobi-based Milele Energy and TCQ Power, an African-focused early-stage power developer.
The construction work is being carried out by India’s Shapoorji Pallonji and is expected to take up to 36 months to complete. Germany's Siemens Energy will provide the steam and gas turbines.
The output will be sold to Sierra Leone's Electricity Distribution and Supply Authority (EDSA) under a 20-year power purchase agreement. The Nant Energy plant will be located near the Kissy Dock, some 4km from the centre of Freetown. It will connect to the existing transmission line at the project site. The main fuel for the plant will be liquefied petroleum gas (LPG), which will be delivered by ship to the nearby jetty and will require a 1km connecting pipeline.
Diesel will be used as a back-up fuel and the facility is expected to convert to natural gas in the future. Desalinated water will be used for cooling, steam generation and other uses at the plant.
The Nant Energy project is being funded through a US$412 million financing and political risk insurance agreement signed by the government with the US’ International Development Finance Corporation (DFC) in early May.
The DFC approved a loan of up to US$292 million for the facility’s development, along with up to US$120 million in political risk insurance to crowd-in private investment. The project is also supported by a US$40 million loan from the Ecowas Bank for Investment and Development (EBID). The project will be the foundation of prosperity for Sierra Leone for years to come
