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.
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Corporate Social Responsibility
A Free Ambulance Service for the People of Hawa-Dembaya
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