Tè Power Project
The Tè Project, a 50 MW greenfield thermal power plant under construction in Conakry, Guinea, is designed to deliver reliable, low-cost baseload electric power to Guinea. Construction commenced in March 2018 and Té is projected to deliver first power in Q2 2019. Tè Power will have a highly developmental impact by providing reliable power and creating jobs as well as providing indirect economic and social benefits.
Using well-known, proven and highly efficient technology as well as constructing a new 300-meter transmission line to connect the plant to the grid, Tè Power will deliver continuous power to downstream users. Once constructed, the plant will improve electricity access for over 1,000,000 Guineans.
Endeavor owns 96% of Tè Power, and is responsible for commercial management of the Project and construction management and oversight of the EPC contractor.
The Tè Project is the first internationally DFI project-financed IPP in Guinea and meets the most stringent local and international (World Bank/IFC) environmental requirements.
The $121 million investment required for the Tè Project is comprised of $32 million in equity from Endeavor and $89 million in debt financing from the Overseas Private Investment Corporation (OPIC) and CDC Group PLC.
Tè Power is another achievement for the U.S. Power Africa program. As a Power Africa partner, Endeavor seeks to make a difference with its projects throughout the continent by working with national governments and local stakeholders to build the capacity necessary to help meet critical demands for new electricity supplies.
The Tè Power Project is expected to be the first of several power solutions developed by Endeavor in partnership with the Government of Guinea.
For more information about the TÈ Power Company, please visit Tè Power.