Freetown 57MW heavy-oil fuel power plant

Project development, Project finance

$ 145 million




  • Freetown 57MW heavy-oil fuel power plant.
  • The project involves the construction and operation of a 57MW power plant in an industrial zone 4km east of Freetown.
  • The project is being developed initially with a 57MW capacity with an option to expand through two additional phases of 35.5MW each.
  • The heavy fuel oil (HFO) to power the plant will be transported via pipeline from the Addax jetty, to be constructed north of the site.
  • Wartsila has been chosen as the EPC contractor.
  • Financing is being provided by the IFC, African Development Bank, CDC Group, Emerging Africa Infrastructure Fund and FMO.

Sam Duke - Editor


Sierra Leone

Deal types:

Project development
Project finance

Practice area:

Project development

Governing law:

England and Wales

Industry sector:



Party: International Finance Corporation (IFC) (Lender)

Party: African Development Bank (Lender)

Party: CDC Group (Lender)

Party: Emerging Africa Infrastructure Fund (Lender)

Party: FMO - Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (Lender)

Lawyer: Andrew Hart

Party: CDC Group (Sponsor)

Party: TCQ Power (Sponsor)