Tè Power Project
Endeavor Energy is leading the development and owns a 96% interest in Tè Power Project making Endeavor Energy the largest shareholder. We will be responsible for commercial management of the power project as well as providing construction management and oversight of the EPC contractor.
Tè Power is in an advanced stage of development having executed an Investment Convention and Power Purchase Agreement with the Government of Guinea to develop, finance, construct, own and operate a 50 MW power plant fired by heavy fuel oil (HFO) to be located in Conakry, Guinea. Parliamentary approval of the Project was received in January 2017.
Endeavor Energy expects to achieve financial close and begin construction of the Tè Power Project in June 2017. We are working with the US Government’s Power Africa initiative to utilize its member agencies to provide funding and other credit support for the project.
The Tè Power Project is expected to be the first of several power solutions developed by Endeavor Energy in partnership with the Government of Guinea. While Tè Power Project will play a key role in addressing the Country’s immediate power needs, other power solutions will target capacity addition in the medium to long term.