Wanted: funding models that deal with Africa's infrastructure paradoxes
On the Mbei river, about 85km east of the Gabonese capital of Libreville, plans are well advanced for a 34MW ârun-of-the-riverâ hydroelectric plant. Unlike bigger hydroelectric stations that depend on a dam, Kinguele Aval will have a modest reservoir that should, at least in theory, minimise environmental destruction. It is expected to generate enough electricity for one in six residents of Libreville, a city of about 700,000 people The $205m plant will be owned by a joint venture between Gabonâs sovereign wealth fund and Meridiam Infrastructure Africa Fund â a French inve...