In line with the agreement signed with the Republic of Mali in 2016, Mali Heavy Fuel Oil Power Plant’s (with an installed capacity of 40 MW) construction started and the first section of 10 MW was commissioned in August 2017. The power plant reached a total installed capacity of 40 MW in September 2017.

Equipment from Mardin Power Plant was utilized at Mali HFO Power Plant, which runs on four Wärtsilä engines with a total capacity of 40 MW.

While optimizing the investment cost by utilizing existing equipment, the commissioning period was significantly shortened at the same time. Electricity generated in the power plant is purchased by the Republic of Mali based on a Euro denominated tariff over a capacity equivalent to 30 MW within the scope of the guaranteed sales agreement. As of January 27, 2021, in accordance with the agreements signed between EDM and Aksa Mali SA, 100% subsidiary of Aksa Energy:

i) Power generated by 30 MW installed capacity will be purchased by EDM for three years based on a guaranteed Euro denominated capacity charge.

ii) In addition to the existing power plant, the power plant with an installed capacity of 20 MW will be established by Aksa Energy in the second quarter of 2021. The production equivalent to this installed capacity will be purchased by EDM for three years based on a guaranteed Euro denominated tariff.

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.