Endeavor Energy (of Houston, Tx) has entered into a Joint Development Agreement (JDA) with Starenergie2073 to develop the Songon Gas-to-Power project outside Abidjan, C�te d�Ivoire. Songon, a greenfield power project, will consist of approximately 375 MW of combined cycle power generation with an integrated fuel solution featuring a purpose-built liquefied natural gas (LNG) import infrastructure and a floating storage and regasification unit (FSRU).
�C�te d�Ivoire, like many other Sub-Saharan countries, is in need of energy to sustain and propel its rapidly growing economy,� said Sean Long, CEO of Endeavor. �The development of Songon will add much needed generation capacity to the country�s IPP thermal fleet. In addition, its LNG importation infrastructure will allow C�te d�Ivoire to develop new power generation projects utilizing an environmentally friendly energy source.�
Endeavor will own a majority of the project equity, and will provide construction management, fuel management, and commercial management services. Starenergie2073, a localindependent power producer, has been instrumental in progressing the project and obtaining key project agreements. The Songon project is expected to reach financial close in December of 2015.
This is Endeavor�s second gas-to-power project in Africa featuring a LNG import infrastructure FSRU. The company�s first came earlier this year when the Ghana 1000 consortium agreed to a supply term sheet with Shell and entered negotiations for long-term supply agreement for LNG.