{
  "id": 12460069,
  "title": "Gabon Gas Plant Nears US$209 Million Financing",
  "url": "https://urgent.news/2026/10/06/gabon-gas-plant-nears-us-209-million-financing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T19:48:49.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/gabon-orinko-gas-power-plant-lenders-financing-2026/"
  },
  "original_language": "en",
  "account": "A 124-megawatt gas power plant near Libreville, Gabon's capital, is nearing completion of its lenders' review process. The plant, called Orinko, is intended to alleviate rolling power cuts in the city. The Orinko plant is being developed by a consortium including four lenders: the US International Development Finance Corporation (DFC), the African Development Bank, the Development Bank of Southern Africa, and Gabonese infrastructure investor Africa50. The project is expected to raise about 122 billion CFA francs (approximately US$209 million) in financing from the lenders' private-sector arms. The Orinko plant will run 13 gas engines from Finland's Wärtsilä, with Gabon Power Company owning 40% of the project and Africa50 holding 33.8%. The plant is planned for a port suburb called Owendo, south of Libreville. The lenders met with Gabonese officials in Libreville during a mission to finalize due diligence on the project. Power cuts have been a persistent issue for the capital, with the state-owned water and electricity company SEEG struggling to meet demand. In February 2026, President Brice L. Oligui Nguema indicated the plant could ease load-shedding, or planned rolling power cuts, by 2028.",
  "summary": "Four development lenders, including a US agency, have completed their review of Gabon's Orinko gas power plant, which seeks about US$209 million from them. The post Gabon Gas Plant Nears US$209 Million Financing appeared first on The Rio Times .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}