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 December 2017.
The 18th annual African Utility Week takes place in Cape Town, South Africa from the 15th till the 18th of May 2018 and is the leading conference and trade exhibition for African power, energy and water professionals. It provides the largest gathering of energy and water professionals focused on all aspects of the provision of energy services to the African market
Albatros Energy Mali was one of the four finalists for the ‘Deal of the Year’ award. The company is presently building a 90 megawatt (MW) thermal power station in Kayes, western Mali. It will be the West African nation’s first independent power project (IPP) to feed into the national grid. This significant power project will add 25% to the current base-load power of Mali and create enough electricity for circa 780,000 households. The project reached financial close in June 2017 and started the construction one month later. The targeted commercial operation date is November 2018.
Koen Beckers, Albatros Energy Mali’s CEO said: “We are thrilled to have been awarded the ‘Deal of the Year’ by African Utility Week. It is a recognition of the hard work and relentless efforts by the Albatros team and all of its stakeholders. It is also a motivation for us to continue to strive to make this project a reference for Mali and the whole of Sub-Sahara Africa” .
About Albatros Energy Mali SA
Albatros Energy Mali S.A (www.aem-sa.com) is presently building a 90 megawatt (BOOT) thermal power station in Kayes, western Mali. It will be the West African nation’s first independent power project (IPP) to feed into the national grid. It will provide a much needed sustainable energy source allowing an increased access to electricity for Mali’s citizens and enabling industries to grow. Once operational, power will be sold to Mali’s national utility Énergie du Mali (EDM) through a 20-year power purchase agreement.