Construction begins on Endeavor Energy’s Guinea thermal plant

By professo

The power project developer based in Texas, Endeavor Energy, has begun construction on a thermal power plant in Guinea, dubbed the Te Power Project.

The US$121mn power plant will be located near Conakry and is expected to come online next year and supply power to the capital city by next year, Reuters reported.

The 50MW thermal plant is being jointly developed by Endeavor, which owns the majority stake, and Energie, Environnement et Mines S.A., a Mauritanian firm with a 4% stake.


The funding of the project can be broken down into $32mn in equity from Endevour ad $89mn in financing supplied by the Overseas Private Investment Corporation and CDC Group Plc.

“The Te Power thermal plant will increase power supply by as much as ten percent and help Guinea meet its growing energy demand,” Reuters notes Ray Washburne, President and CEO of OPIC stating.


Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy


The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital