Victoria has signed a non-binding term sheet with Aksa Energy for up to 25 mmcf/d of gas to Aksa's planned 150 MW power station in Douala. Aksa is one of the largest independent power suppliers in Turkey. Commercial terms include 70% Take or Pay at US$6.75/mmbtu for 25 years plus an option for an additional five years. The term sheet is subject to government approval and the signing of a Power Purchase Agreement by Aksa and ENEO or Sonatrel. An MOU between Cameroon and Aksa has been agreed to
29 Jul 2019
FLASH: Major new gas to power deal
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FLASH: Major new gas to power deal
- Published:
29 Jul 2019 -
Author:
Stephane Foucaud -
Pages:
2
Victoria has signed a non-binding term sheet with Aksa Energy for up to 25 mmcf/d of gas to Aksa's planned 150 MW power station in Douala. Aksa is one of the largest independent power suppliers in Turkey. Commercial terms include 70% Take or Pay at US$6.75/mmbtu for 25 years plus an option for an additional five years. The term sheet is subject to government approval and the signing of a Power Purchase Agreement by Aksa and ENEO or Sonatrel. An MOU between Cameroon and Aksa has been agreed to