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GABON: BGFIBANK GROUP GRANTS 100 BILLION LOAN TO ENERGY AND WATER COMPANY

11/04/2022
Source : ORISHAS FINANCE
Categories: Sectors

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The BGFIBank group and the Société d'énergie et d'eau du Gabon (SEEG) have signed a financing agreement. The first one concerns a credit of 40 billion FCFA to support the Société d'énergie et d'eau du Gabon (SEEG) in the realization of its investment plan for the period 2022-2025. As for the second, it constitutes a mobilization of funds of 60 billion francs on the sub-regional financial market by BGFIBourse.

This financing should help provide an additional 60,000 cubic meters of drinking water per day throughout the country, through the construction of a new 35,000 cubic meters per day water station in Greater Libreville and 20 boreholes in the same part of the province of L'Oréal.the construction of a new 35,000 cubic meter per day water station in Greater Libreville and 20 boreholes in the same part of the Estuaire province; the reinforcement and securing of the Mandorove water intake in Port-Gentil; the construction of a new drinking water station in the second district of Franceville and the reinforcement of the drinking water supply in Makokou.

In the field of electricity, the major projects concern the installation of a second transformer bench (225/90 KV) at the Bisségué interconnection station, the rehabilitation and reinforcement of the existing substation and the construction of a new one.habilitation and reinforcement of the Moanda substation, the densification and reinforcement of the HTA/BT network around the Port-6 substation (90/20 KV) and the construction of two micro-hydro power plants at Mimongo (200 KW) and Mbigou (316 KW).

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