Endeavor Energy and Starenergie2073 to develop Gas-To-Power project in Côte D’Ivoire

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Endeavor Energy and Starenergie2073 to develop Gas-To-Power project in Côte D’Ivoire

Endeavor Energy, a company backed by Denham Capital, has entered into a joint development agreement (JDA) with Starenergie2073 to develop the Songon Gas-to-Power project outside Abidjan, Côte d’Ivoire.

Songon, a greenfield power project, will consist of approximately 375 MW of combined cycle power generation with an integrated fuel solution featuring a purpose-built liquefied natural gas (LNG) import infrastructure and a floating storage and regasification unit (FSRU).

Endeavor will own a majority of the project equity, and will provide construction management, fuel management, and commercial management services. Starenergie2073, a local independent power producer, has been instrumental in progressing the project and obtaining key project agreements.

The Songon project is expected to reach financial close in December of 2015.

Sean Long, CEO of Endeavor, stated:

“Côte d’Ivoire, like many other Sub-Saharan countries, is in need of energy to sustain and propel its rapidly growing economy. The development of Songon will add much needed generation capacity to the country’s IPP thermal fleet. In addition, its LNG importation infrastructure will allow Côte d’Ivoire to develop new power generation projects utilizing an environmentally friendly energy source.”

Having launched the Ghana 1000 project in 2014, Endeavor’s Songon project is its second African gas-to-power project featuring a LNG import infrastructure and FSRU. Earlier this year, the Ghana 1000 consortium agreed to a supply term sheet with Shell and entered negotiations for long-term supply agreement for LNG.

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