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'The Government Of Sierra Leone, Endeavor Energy and Joule Africa to launch EPC tender for Bumbuna Phase II' - Yahoo Finance

Endeavor Energy, a privately owned independent power development and generation company backed by Denham Capital, and Joule Africa, the international power developer, have entered into an agreement to jointly develop the Bumbuna Phase II Power Project, a hydroelectric power (HEP) project, located in Sierra Leone.

Bumbuna Phase II will add an additional 202 megawatts to the existing 50 megawatts at Bumbuna HEP. Endeavor Energy, which received an initial commitment from Denham's $3 billion Fund VI in June, has agreed to fund the remaining development costs for the project and will invest up to 75 percent of the equity at financial close (estimated $150m).

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