The memorandum of understanding was signed by Gabon's Minister of Universal Access to Water and Energy, Philippe Tonangoye, SEEG Managing Director Steeve Saurel Legnongo, and Aurion Capital founder‑CEO Ali Diallo, formalising a private‑sector‑led energy project.

The programme will deliver between 150 MW and 450 MW of capacity, combining gas‑to‑power plants with the necessary gas supply, transmission and distribution infrastructure.

Designed as an integrated platform rather than a stand‑alone plant, the project aims to meet rising household electricity demand and support local industrial processing that requires competitively priced power.

Aurion Capital and its partners will develop and finance the programme, with no direct financial commitment from the Gabonese state, and total financing is expected to exceed $1 billion.

The initiative aligns with Gabon's National Energy Compact under the Mission 300 plan, which targets 1,100 MW of installed capacity by 2030 and anticipates $4.169 billion in investment, half of which is expected from the private sector.

SEEG has been identified as the prospective off‑taker of the electricity generated and will act as the technical counterpart for grid interconnection, power evacuation and operating conditions.

A steering committee comprising SEEG and Aurion Capital will oversee feasibility, technical and environmental studies, with results to be submitted for joint approval before definitive agreements are negotiated.

The pre‑feasibility study is being carried out by Global Infrastructure Advisors, a London‑based firm that previously supported a 300 MW gas‑fired plant in Senegal.

Aurion Capital views the Gabon project as the starting point for broader African ambitions, citing its experience in public‑private partnerships in the United States and access to capital from Gulf and Asian investors.