IFC mobilizes €303m for the new Atinkou gas power plant in Ivory Coast

The International Finance Corporation has just announced that it has mobilized a funding package of € 303 million for the new gas plant project underway in Côte d’Ivoire. It contributed € 91 million in equity.

The rest of the funds have been mobilized from several entities, including the African Development Bank, the Dutch entrepreneurial development Bank FMO, Germany’s Deutsche Investitions (DEG), the Emerging Africa Infrastructure Fund and the OPEC Fund for International Development.

The 390 MW Atinkou power plant will be located 40 kilometers east of Abidjan. It will operate using highly efficient technology in the combined cycle. The total cost of its implementation is estimated at € 404 million.

“Once completed, the Atinkou power station will provide affordable electricity to thousands of households and businesses while helping the country achieve its goals for transitioning to a greener energy sector.” IFC’s investment in this project demonstrates our long-term commitment to the Ivorian electricity sector, ” said Linda Rudo Munyengeterwa, IFC Regional Director for Industry, Infrastructure and Natural Resources in the Middle – East and Africa.

 

Source: Agence Ecofin

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