This report covers afc commits $300m build with key details and context.
Africa Finance Corporation (AFC) has released the first $60 million from a $300 million financing package to construct Burkina Faso’s largest power plant. The 119-megawatt gas-fired facility, developed by Turkish power producer Aksa Enerji, is expected to begin operations in 2027 and will significantly reduce the country’s dependence on imported electricity.
Currently, about 60% of Burkina Faso’s electricity is imported from neighboring countries, leaving it vulnerable to supply disruptions and high costs. Only 20% of the population has access to the grid, making reliable power a critical development challenge.
The plant is expected to cut electricity imports by more than half while increasing national generation capacity. According to AFC, the project will improve power reliability, support industrial activity, and create a better environment for private investment and job creation.
This investment expands AFC’s partnership with Aksa Enerji, following power projects in Senegal and Ghana in 2025. Established in 2007, AFC has invested over $19 billion across 36 African countries, focusing on energy, transport, telecoms, and heavy industry infrastructure.
Article source: allafrica.com | Image credit: Daba Finance
afc commits $300m build: key developments so far.
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