Aksa Energy continues to strengthen the region’s energy infrastructure and play a critical role in energy supply security with the power plant projects it has implemented in Africa. The company has signed a financing agreement of 150 million US dollars with Africa Finance Corporation (AFC), one of the continent’s leading development finance institutions. This strong collaboration paves the way for Aksa Energy’s new investments in Africa, while also being an important milestone that reinforces its leadership in the region’s energy future.
The Turkey-Africa Day event, organized to encourage stronger cooperation between Turkey and Africa in the fields of infrastructure, energy, finance and technology, hosted an important signing ceremony for Africa’s energy future. Within the scope of the agreement signed by Aksa Energy Chairman and CEO Mr. Cemil Kazancı and AFC President Ms. Samaila Zubairu, AFC will provide financial support of 150 million USD to Aksa Energy for natural gas-fired power plant projects in the African region.
Aksa Energy Chairman and CEO Cemil Kazancı made the following assessment regarding the agreement: “In line with our 2030 Global Strategy and sustainable high growth target, we are not only generating electricity all over Africa; we are also building reliable energy infrastructures, supporting economic development and accelerating the region’s energy transformation.
The highly engineered and advanced technology power plant investments we have implemented in Africa are the clearest indication of our concrete contribution to the region’s energy supply security. This important agreement we signed today is a new milestone in our journey to create long-term value in Africa. Together with a strong partner like AFC, we will continue to work with determination to make Africa’s energy future more sustainable, accessible and secure.”