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Aksa Enerji, the energy subsidiary of Türkiye’s Kazanci Holding, has signed a 20-year electricity purchase agreement with Burkina Faso’s national electricity company, Sonabel, to construct and operate a 119-megawatt (MW) fuel-oil-powered power plant in the capital city, Ouagadougou.
According to a company statement, the new facility is scheduled to be commissioned in the final quarter of 2026.
The power plant will run on liquid fuel and is designed to address the country’s growing electricity demand while improving supply reliability over the long term, the company said.
The agreement provides for a guaranteed electricity offtake for two decades, ensuring predictable revenues and reinforcing Burkina Faso’s energy infrastructure, which has been under pressure due to population growth and urbanization trends.
The construction and operational phases of the project are expected to contribute to the local economy through employment opportunities and support for regional supply chains. Aksa Enerji plans to integrate local sourcing and labor into the project execution, in line with its broader approach to sustainable operations in developing markets.
Cemil Kazanci, Chairman and CEO of Aksa Enerji, emphasized that the investment aligns with the company’s long-term strategy in Africa, where it has previously completed multiple energy infrastructure projects.
He stated that the Burkina Faso project represents a continuation of Aksa Enerji’s commitment to delivering fast and efficient energy solutions that enhance energy security in the region. "As with our previous projects on the African continent, we believe we will succeed in this one as well," Kazanci noted.
Kazanci also highlighted that the new project, like others in Aksa Enerji’s international portfolio, is backed by a long-term, foreign-currency-based agreement.
Aksa Enerji also recently signed a 30-year, $1 billion public-private partnership to manage and upgrade the electricity distribution network in Uzbekistan’s Samarkand province, marking one of the largest Turkish energy investments in Central Asia.
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