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The 108.4 megawatt Nant Power Project has recorded fresh progress as major energy equipment continues to be transported from the port to the Kissy Dockyard construction site.
The project, expected to strengthen Sierra Leone’s electricity supply, is being financed by the U.S. International Development Finance Corporation (DFC).
President Julius Maada Bio said 2026 would be a “year of action,” adding that his government remains focused on long-term development projects.
Once completed, the dual-fuel power plant is expected to significantly increase Sierra Leone’s electricity generation capacity and provide reliable baseload power to the national grid under a 22-year Power Purchase Agreement with the Government of Sierra Leone and Electricity Distribution and Supply Authority.
The project reached financial close in November 2024.
Its financing package includes $292 million in senior debt from the U.S. International Development Finance Corporation, $40 million from the ECOWAS Bank for Investment and Development, and $85 million in equity from sponsors TCQ Power and Anergi Group.
Officials say first power is expected in 2027, with the plant set to operate for 22 years under the agreement.
When operational, the facility is expected to reduce electricity shortages, improve grid stability, and support economic activity across the country.
