Albatros Energy Mali S.A (AEM) independent private power project is a 90 megawatt (MW) heavy fuel oil power station built in Kayes, western Mali. It is Mali’s first IPP to feed into the national grid. The power station consists of 6 Caterpillar diesel reciprocating engines. The project achieved financial close in June 2017. Construction commenced in July 2017, and was commissioned in October 31st 2018, ahead of schedule.
It is providing a much needed sustainable energy source allowing an increased access to electricity for Mali’s citizens and enabling industries to grow.
We are excited to work together with our stakeholders in making a beneficial contribution to Mali’s power sector and supporting the Government in its sustainable development and energy poverty reduction efforts.
MW installed capacity
MONTHS construction period
€ millions investment
MW installed capacity
MONTHS construction period
€ millions investment
Unique Elements & Firsts
First IPP in Mali. Proven to be ground breaking for other energy projects in Mali and vital for the development of the renewable sector, which needs base load for stabilising the grid.
The first Islamic financing (Ijara) for a private project in a francophone and sub-saharan African jurisdiction governed by French Law in combination with conventional financing. Financed by a currency mix of Euros and FCFA.
First IPP in Francophone Africa where the debt service reserve account is guaranteed by a partial guarantee provided by GuarantCo.
Malian ownership combined with international know how: the local involvement and local partnerships are a key reason for the success of this project which combines the skills and experience of a local businessman (Amadou Sow), an international energy expert (Koenraad Beckers) and an experienced project finance expert (Ruth Beckers).
First post-conflict infrastructure project – crucial for the economic development and energy poverty reduction. First significant infrastructure project after the conflict in 2012.
First regional financing backed-up by the Danish export credit agency (EKF) allowing the regional finance institution to match the loan tenor of the international lenders.
The thermal power station has been built in a record time of 15,5 month, and started commercial operations on November 1st, 2018.
News & Press Releases
Ai African Energy Project Developer of the Year
Redox Power Solutions Ltd. won last night at the 4th Ai CEO Infrastructure Project Developers Summit & Awards held in Le Mourne, Mauritius the ‘Ai African Energy Project Developer of the Year’ award (https://aidevelopersummit.com/the-nominees/). This is the third...
Albatros Energy Mali wins another ‘Deal of the Year’ award
Albatros Energy Mali SA has won last night at the Private Equity Africa Awards gala dinner in London the prestigious ‘Infrastructure Deal of the Year 2018’ distinction (www.peafricaevents.com/2018-winners). Accepting the award, Romain Py, Head of Transactions at AIIM...
Albatros Energy Mali awarded with the ‘Deal of the Year’
Albatros Energy Mali SA has won last night the prestigious ‘Deal of the Year’ Industry Award by African Utility Week (www.african-utility-week.com). The award recognizes an outstanding energy deal which reached financial closure between 1st January 2017 and 31st...
Corporate Social Responsibility
COVID-19 : Sewing Machines to support the making of face Mask in Hawa-Dembaya
As the pandemic continues, communities are finding solutions about how they can keep themselves and each other safe. Albatros Energy and its partners are deeply concerned for the health and well-being of the people of Hawa-Dembaya community and surroundings. As a...
The Rehabilitation of the Hawa-Dembaya Dispensary/Maternity ward
Initially, the dispensary of Médine was created in 1957 by French colonialists. It served all patients of Médine and its surroundings until the decentralization in 1999, where it faced a complete shutdown. CSCOM (a Community Health Center) was created in the area by...
The Eye Surgery of Kenta Coulibaly
Kenta Coulibaly is an eleven-year-old boy suffering from an eye tumor. When his tumor first appeared, Kenta’s family intended to pursue a surgery in the city of Bamako. Sadly, they could not afford the costs associated with the treatment.Kenta suffers from an orbital...
