TECHNOLOGY TRANSFORMATION IN EQUATORIAL GUINEA
Technological advancements are dramatically improving solar storage container performance while reducing costs. Next-generation thermal management systems maintain optimal
The power station is under development by the Government of Equatorial Guinea, with funds borrowed from the Development Bank of Central African States (BDEAC). The engineering, procurement and construction (EPC) contractor for this project is Duglas Alliance, a Ukrainian multinational engineering and construction company.
Electricity consumption in Equatorial Guinea in 2015 was 36 kilotonnes of oil equivalent (ktoe). The country produces all of the energy it consumes. As of 2012, renewable energy accounted for 29.2% of the final energy mix.
The construction budget is reported to be €467 million (US$531 million). The cost was met by the government of Equatorial Guinea, with partial funding in form of a loan of €122 million (US$137 million), provided by BDEAC. Construction began in 2012 and was expected to conclude in 2020.
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