Please note: you are viewing an old version of this deal. The current version can be found here: Deal #1798

Deal #1798 Version #55473

Sierra Leone
Created at
2013-02-15
Last update
2013-09-06
Last full update
2024-04-10

Land area

Intended size
20 000 ha
Size under contract (leased or purchased area)
  • [2010, current] 10000.0 ha
Comment on land area
2 phases, each 10,000ha, total 20,000ha; 15,500ha according to ESHIA.

Intention of investment

Intention of investment
  • [current] Biomass for biofuels, Renewable energy unspecified

Nature of the deal

Nature of the deal
Lease

Negotiation status

Negotiation status
  • [2010, current] Concluded (Contract signed)
Comment on negotiation status
Lease signed in 2010 for 50 year lease with possible extension for 21 years.

Implementation status

Implementation status
  • [2012, current] Startup phase (no production)

Leasing fees

Annual leasing fee
9
$
per ha
Comment on leasing fee
US3.60/acre. Another source mentions: A 50-year lease with a rent of US$12 per hectare was divided between landowners (50 percent), Chiefdom Councils (20 percent), the District Council (20 percent) and the government (10 percent). The deal made Addax exempt from any adverse effects of legal changes until 2060—the end of the lease.