A financing package totalling approximately USD 417 million has been secured to execute the Nant Energy project.

This includes a USD 292 million in debt financing from the U.S. International Development Finance Corporation (DFC), alongside USD 40 million contributed by the ECOWAS Bank for Investment and Development. Furthermore, equity financing totalling USD 85 million was also provided collectively by TCQ Power and Anergi. The Nant energy project aims at addressing Sierra Leone’s long-standing energy deficits. This is Sierra Leone’s first large-scale independent power project, aimed at substantially enhancing the country's electricity generation capabilities.

The Nant Project, involves the development and operation of a 105 megawatt (MW) multi-fuel Combined Cycle Gas Turbine (CCGT) power generation facility. Developed by CECA SL Generation Ltd, this project is set to ultimately double the country’s current electric generation capacity. The facility will operate under a 22-year Power Purchase Agreement (PPA) mandated by the Electricity Distribution and Supply Authority and backed by the Government of Sierra Leone, ensuring a reliable and sustainable energy supply for the nation. The project is targeted to deliver its first power by the third quarter of 2027, providing an essential boost to the region’s energy infrastructure while addressing long-standing energy deficits. The successful financial closure of the Nant Project heralds a transformative era for Sierra Leone’s energy sector. By facilitating access to electricity, the Nant Project can spur economic growth, improve business environments, and enhance the quality of life for countless citizens.