Friday, December 5, 2014

Equatorial Guinea Boosts Energy Projects

Equatorial Guinea’s Ministry of Mines, Industry and Energy recently invested in a supply center of electrical equipment in Mbini and signed an agreement with the Turkish company Karadeniz Holding, for the potential provision of a Powership (floating power plant) of 120 MW (megawatts) in early 2015, as part of the government’s efforts to further develop the energy sector.

“SEGESA Holding has seen the opportunity to give a decisive boost to the energy sector by diversifying its production and commercial activities,” said Gabriel Mbega Obiang Lima, Minister of Mines, Industry and Energy and Chairman of the Steering Committee for Restructuring SEGESA.

The government of Equatorial Guinea has established the Industrialization Plan of Equatorial Guinea (PEGI) 2020, aimed at creating a guide for the development of sustainable industry and a diversified economy. The new supply center of electrical equipment in the city of Mbini shows the Ministry’s commitment to the national industrialization plan.

The new logistics supply center for electrical materials establishes the creation of a joint venture between SEGESA HOLDING SA (division of the Electricity Company of Equatorial Guinea) and ASPI Group Equatorial Guinea, a subsidiary of the Bulgarian company ASPI GREEN ENERGY Ltd.

The new plant will supply materials according to the energy needs of Equatorial Guinea, being manufactured by leading producers in the field of electricity, with a certificate of quality and a material testing laboratory.

Minister Obiang Lima continued to say, “this project is a critical step taken by the Government of Equatorial Guinea to ensure enough electricity generation in the country.”