How much does DFC finance a power plant in Sierra Leone?

DFC’s approved financing includes a new loan of up to $292 million to finance the development and upgrade of the power plant’s infrastructure and promote electricity reliability and access throughout Sierra Leone.

What is power Leone?

Power Leone stands as the cornerstone of Energicity’s operations. With solar mini grids established in 30 communities, we bring reliable and sustainable power to over 7,000 customers. Sierra Leone Rural Renewable Energy Project

How much power does Sierra Leone have?

Sierra Leone’s power capacity estimates at 150-MW with approximately 27.5% of the total population and about 4.9% of the rural population currently having access to electricity.

Where is Sierra Leone's new power plant located?

The power plant, the Western Area Power Generation Project, will be located in Sierra Leone’s capital of Freetown and is intended to help address the country’s rolling blackouts and expand its national electricity system to accommodate additional renewable energy solutions in the future.

What does DFC do for Sierra Leone?

“DFC is proud to support the country’s first large utility-scale, independent power project and lay the foundation for reliable and affordable electricity in Sierra Leone,” said Nisha Biswal, Deputy Chief Executive Officer at DFC.

How many mini-grid sites are being built in Sierra Leone in 2024?

In 2024, Sierra Leone is constructing and commissioning 17 of these mini-grid sites (800 kW). This work is made possible with the support of Sustainable Energy 4 All’s Universal Energy Facility. Power Leone Power Leone, founded in 2018, is Energicity's Sierra Leonean subsidiary Power Leone stands as the cornerstone of Energicity's operations.