The Gabonese Strategic Investment Fund (FGIS) and the pan-African industrial group Eranove have signed a concession agreement with the government of Gabon for the production of drinking water and two power purchase contracts.
The signature of the concession agreement for the Orélo drinking water treatment and supply plant follows the memorandum of understanding signed in March 2017 by the Gabonese Republic, the FGIS and the Eranove Group.
This contract covers the financing, design, construction, operation and maintenance of a new drinking water production unit with a production capacity of 140,000 m3 per day, located in the Estuary province. Read more: Gabon gains support to reduce drinking water deficit
The Orélo project aims to improve the drinking water supply in Libreville and its surroundings by increasing the production capacity corresponding to the consumption of more than 600,000 people, in order to meet the ever-increasing demand of the population.
Project companies Asokh Energie and Louetsi Hydro will develop the two power plants namely; Ngoulmendjim (73MW) and Dibwangui (15MW), respectively.
Serge Thierry Mickoto, director and general manager of the FGIS, commented: “We are delighted with the progress of these water and electricity projects carried out as part of our consortium with the Eranove group.
“One of the objectives of the Gabonese Economic Recovery Plan is to strengthen the supply of electricity by making it more accessible, available and sustainable. Improving water supply and the quality of these services to citizens is a significant element in the implementation of the Gabon Vision 2025 programme.”
Marc Albérola, managing director of Eranove, said: “The signing of these three contracts is of particular importance to our Group. First, because it confirms the quality and depth of our partnership in Gabon with the state and the FGIS. Secondly, because these three signatures confirm our Pan-African leadership in the production of drinking water and electricity.”