According to the existing agreement, which was signed between Aksa Energy and Energie Du Mali SA (EDM) had been extended until January 31, 2021, to determine new agreement terms regarding the Heavy Fuel Oil Power Plant in Mali with an installed capacity of 40 MW. As of January 27, 2021, in accordance with the agreements signed between EDM and Aksa Mali SA, a 100% subsidiary of Aksa Energy:
Power generated by 30 MW out of 40 MW installed capacity in the Power Plant will be purchased by EDM for 3 years based on a guaranteed Euro denominated price.
On top of existing power plant, Aksa Energy will initiate a power plant with an installed capacity of 20 MW within the second quarter of 2021. Power generated by 20 MW installed capacity will also be purchased by EDM for 3 years based on a guaranteed Euro denominated price. Within the scope of the new agreement, Aksa Energy, which provides both a maturity extension and a guaranteed capacity increase from 30 MW to 50 MW, has strengthened its position in Africa with its globalization strategy.
