Not even a month after a new partner was announced, a tender for Sierra Leone’s Bumbuna Phase II hydroelectric project has been issued. Endeavor Energy, a privately owned independent power development and generation company backed by Denham Capital, and Joule Africa, the international power developer, entered into an agreement to jointly develop the Bumbuna Phase II Power Project.
The scheme will add an additional 202 MW to the existing 50 MW. Joule Africa has completed the feasibility study for the development of the second phase of Bumbuna and now the parties are now ready to launch the EPC tender.
A shortlist representing some of the most respected EPC firms from across five continents has been selected. International hydro engineering firm, Lahmeyer International, has already carried out the feasibility and design work, whilst environmental and social studies are also being carried out by Environmental Resources Management.Lenders to the project will likely include the African Development Bank, IFC, and Emerging Markets Infrastructure Fund along with a club of European development finance institutions.
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