This landmark project is set to start construction by end of 2021 and will generate around 262 GWh of clean energy each year to feed into the national grid, while avoiding 127,3 tons of carbon dioxide emissions per day.
Casablanca, 18 October 2019 – Themis, an Africa-focused power company backed by Denham Capital and the Ministry of Mines and Energy of Togo have entered into a joint development agreement to help addressing Togo’s growing demand for power in a cleaner and more sustainable way with the Tetetou 50 MW baseload hydropower project, located along the Mono river and about 40 km to the northeast of the town of Notsé.
A multicriteria analysis based on the objectives of the Government and the adequacy of projects to the needs of Togo concluded that Tetetou is the most competitive site to reduce the cost of the energy mix in the country. The project will contribute to addressing Togo’s vulnerability to energy imports which account for 40% of the energy injected into the grid. Furthermore, the project will avoid 127,3 tons of carbon dioxide emissions per day, thereby allowing Togo to substantially contribute to global efforts aimed at addressing climate change.
Tas Anvaripour, Chief Executive Officer of Themis stated “Themis is excited about its partnership with Ministry of Mines and Energy of Togo to bring Tetetou to life. The project will increase Togo’s base load capacity by 50MW per year through renewable energy. In our development approach, we will give top priority to environmental, social and biodiversity mitigation measures and apply best international standards to maintain competitiveness and deliver meaningful emissions reductions.”
Themis is a leading project developer and investor with an exclusive focus on incremental renewable power generation assets in Sub Saharan Africa. The team, headquartered in Casablanca, Morocco, has a proven track record in Africa and extensive execution capabilities. Themis landmark references include the EUR195 million 44MW hydroelectric plant in Côte d’Ivoire, which reached financial close in 2018 and the USD900 million 200MW hydroelectric plant in Madagascar which is in financing stage.