Gabon, Aurion Capital Sign MoU for Up to 450 MW Gas-to-Power Programme

The Gabonese Republic, the Société d’Énergie et d’Eau du Gabon (SEEG) and Aurion Capital Holdings have signed an agreement to advance a natural gas-to-power programme planned to deliver between 150 and 450 megawatts in Greater Libreville.

The memorandum of understanding was signed on September 8, 2026, for the development of the Panthera Power programme. The initiative is intended to respond to rising household electricity demand and support industrial processing in Gabon.

The programme is expected to require more than $1 billion in financing. Aurion Capital Holdings and its partners are to develop and finance the project, with no financial commitment from the Gabonese State, according to the information released on the agreement.

Integrated energy platform

Panthera Power is being planned as more than a generation facility. Its scope includes gas-fired power plants alongside the infrastructure needed for gas supply, transmission and distribution.

Aurion Capital is acting as the programme sponsor and will lead its development and financial structuring. The company is also assembling the industrial and financial consortium for the initiative.

Philippe Tonangoye, Gabon’s Minister of Universal Access to Water and Energy, signed for the government. SEEG Managing Director Steeve Saurel Legnongo signed for the utility, while Aurion Capital founder and Chief Executive Officer Ali Diallo represented the investment company.

SEEG has been identified as the prospective buyer of the electricity generated by the programme. It will also serve as the technical counterpart on grid connection, interconnection, power evacuation and operating requirements.

Studies to precede definitive agreements

The pre-feasibility study has been assigned to Global Infrastructure Advisors, an independent London-based firm focused on infrastructure development and financing.

A steering committee made up of SEEG and Aurion Capital Holdings will supervise the feasibility, technical, environmental and social impact studies. Their findings must receive joint approval from the Gabonese State and SEEG before negotiations on definitive agreements can begin.

The final capacity, financing structure and timetable for construction or generation have not yet been established. The agreement therefore marks the start of development work rather than a final investment or construction commitment.

Connection to national energy plans

The programme is aligned with Gabon’s National Energy Compact, published in June 2026 under the Mission 300 initiative. The compact sets a target of 1,100 MW of installed capacity by 2030 and identifies an investment requirement of $4.169 billion for the 2026–2030 period, including an expected $2 billion contribution from the private sector.

Ali Diallo said Gabon represented the beginning of Aurion Capital’s wider African ambitions. He also linked dependable electricity supply to the development of industry.

“Energy is the foundation of the continent’s sustainable development: without reliable and competitive power generation, no industrialization can take hold,” Diallo said.

Souleymane Diallo, Aurion Capital’s President for Africa, said the company was also assessing opportunities in energy, mining and infrastructure in several African countries.