Burkina Faso secures $300 M power project – Transformer Magazine
Burkina Faso: Burkina Faso has secured $300 M in financing for the construction of what is expected to become the country’s largest power plant, supporting its push for greater energy independence.
The project will be developed by Turkish power producer Aksa Enerji Üretim A.Ş. and will involve the construction of a 119 MW thermal power plant. The facility is expected to begin operations in 2027.
The financing has been arranged through the Africa Finance Corporation (AFC), which has reached financial close on a corporate loan facility for the project. AFC has already disbursed the first $60 M tranche, marking its first investment in Burkina Faso.
Once operational, the plant is expected to reduce the country’s reliance on imported electricity by more than 50 %. At present, nearly 60 % of Burkina Faso’s electricity is imported from neighbouring countries, leaving households and businesses exposed to supply disruptions and higher costs.
The project also addresses a wider development challenge, as only around 20 % of the population currently has access to electricity. By expanding domestic generation capacity, the plant is expected to provide more reliable baseload power for industries, mines and businesses.
AFC said reliable infrastructure will be essential for Africa’s industrial growth, while Aksa Energy described the project as an important step in its long-term commitment to the continent.
For Burkina Faso, the investment represents more than new power generation. It supports a broader effort to strengthen energy security, industrial growth and economic resilience.
Source: Business Insider Africa
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