BRIEF COMPANY PROFILE-COLONIAL ENERGY INVESTMENTS LTD
Colonial Energy Investments Ltd (Company NO 11629212) was set up in Mid-2018, after a number of successful discussions, with the Ministry of Energy (MOE), Sierra Leone, having completed a number of local Solar installations, under another Asian company.
We looked at the possibility of scaling up to a larger Solar project* as the Sierra Leone Government were totally reliant on the Power Barge, moored up in Freetown harbour, owned by a Turkish consortium, which Sierra Leone are still reliant on.
It was decided to then break away from the current Asian solar company involved in the small installations, to which discussions then ensued, under the newly registered UK company, ‘Colonial Energy Investments Ltd’, which continued through 2019, to the point of moving to the Pre-Feasibility stage. Unfortunately, COVID hit Sierra Leone in 2020 and put the project on hold.
In addition, Pre and post elections hampered a review of restarting the project discussions until we moved forward again, since May 2023.
Colonial Energy Investments Ltd, are now at an advanced stage of negotiation, towards completion and receipt of the Power Purchase Agreement (PPA).