Bekongor III is a 150 MW hydropower project on the Sewa River in Sierra Leone. The project is being developed by Odhav Multi Industries Ltd and has reached commercial close following the signing and ratification of the project agreement. Preparatory activities are underway, and the sponsor has engaged the Development Bank of Southern Africa to support the financing process. Once developed, the project will expand Sierra Leone’s renewable energy generation capacity, strengthen energy security, and help meet growing electricity demand. The project also supports the country’s transition to a lower-carbon energy mix by increasing the supply of clean, reliable power. With key contractual arrangements already in place and early-stage development activities progressing, Bekongor III presents an opportunity for investors and financing partners to participate in the delivery of a strategically important hydropower asset with significant long-term economic and infrastructure benefits.
Project overview
Investment opportunity
Seeking a combination of DFI-led senior debt, sponsor equity, co-financing and credit enhancement facilities to support project delivery. The project also offers an opportunity for a strategic private-sector partner to support the completion of bankability updates, mobilisation of financing, EPC execution, and the long-term operation and maintenance of the plant under the agreed project framework.
Investment types sought
Project status
Development stage
Bankable / investment ready
Current status / progress to date
Commercial close has been achieved, with the legal and contractual framework already in place through a signed and ratified agreement. The project is now progressing from commercial close towards financial close, with implementation preparations underway.
Additional project information
- Lead agency
- NIB PPP Directorate (facilitation); sector ministry / sponsor to confirm
Expected impact
Jobs created / supported
Not verified; estimate pending
Economic & development benefits
- Increased domestic electricity generation capacity
- Improved power supply reliability
- Support for growing household, business and industrial electricity demand
- Construction and operational employment opportunities
- Opportunities for local contractors, suppliers and service providers
- Increased private investment
- Enhanced industrial productivity
- Local economic development
- Support for long-term economic growth
Climate & resilience benefits
- Renewable electricity generation
- Reduced reliance on fossil-fuel-based power generation
- More diversified electricity supply
- Support for the transition to lower-carbon energy
Contact
Contact team
For more information about this project, please contact the Commonwealth Investment Platform team.