Africa Finance Corporation (AFC) has reached financial closure on a $300 million financing arrangement to support construction of Burkina Faso’s largest power plant.

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World Utilities Congress 2027

AFC has disbursed the first $60 million tranche for the 119 MW gas-fired power plant being developed by Aksa Enerji Üretim , Türkiye’s largest publicly-listed power generation company. The project is scheduled to start operations in 2027.

This is AFC’s first project in Burkina Faso and forms part of its strategy to expand infrastructure financing across Africa, particularly in energy systems.

Samaila Zubairu, President and CEO of AFC, said: “Without dependable power, countries cannot industrialise, businesses cannot grow, and communities cannot realise their full economic potential.”