Electricity expansion begins at Azito Power Station

Phase IV to increase Côte d’Ivoire’s electricity by 30 percent.

17-03-2020

Electricity expansion begins at Azito Power Station

Abidjan, Côte d'Ivoire, 17 March 2020 – In the fourth phase of its production, Azito Energie SA is working towards expanding Côte d’Ivoire’s (Ivory Coast) installed electricity-generating capacity. When complete, Azito Energie will supply an additional 250 MW of electricity to approximately 706 MW, amounting to approximately 30 percent of the country’s installed capacity.

Phase IV, which was launched on 6 March 2020, in the presence of Mr Abdourahmane CISSE, Minister for Petroleum, Energy and Renewable Energies, is a key component in the national programme to strengthen Côte d’Ivoire’s generation capacities. Once complete, this programme will make Côte d’Ivoire the energy hub of West Africa.

Phase IV follows the concession agreement signed with the government on 19 February 2019. This extension consists of building a new combined-cycle unit of 253 MW on the existing site, which will be available to the power grid in order to improve coverage of Côte d’Ivoire's power needs and those of countries in the sub-region.

The environmentally friendly technology used will also make it possible to reduce natural gas use, greenhouse gas emissions and the cost of each kWh generated on the grid.

Phase 1 of the Azito thermal power plant was commissioned in 1999 with an initial gas turbine of 150 MW. A second turbine of 150 MW was added in Phase 2, followed by Phase 3 in 2015, by converting it into a combined-cycle plant with a capacity of 420 MW. A subsequent upgrade in 2019 increased this to 453 MW.

The works in the last 30 months have mobilised 265 million euros (US$ 294 million) in debt financing towards the total investment of 330 million euros (US$ 336 million) required with the balance provided by Azito. Azito obtained funding from nine institutions, namely: International Finance Corporation (IFC), a member of the World Bank Group (IFC), PROPARCO, the West African Development Bank (BOAD), the African Development Bank (AfDB), the OPEC Fund for International Development (OFID), the Emerging Africa Infrastructure Fund (EAIF), the Belgian Investment Company for Developing Countries (BIO), the German Investment Corporation (DEG), and the Netherlands Development Finance Company (FMO).

For more information please contact

Azito Energie S.A.

Angela Ezaley
+ 225 22 40 56 00
Communications and Corporate Social Initiatives Manager
angela.ezaley@azitoenergie.com
http://www.azitoenergie.com/fr/

Azito Energie

  • Debt € 15,000,000.00 (2019)
    Sub-Saharan Africa, Côte d'Ivoire

  • Debt € 17,760,600.00 (2012)
    Sub-Saharan Africa, Côte d'Ivoire

More news

BIO grants a USD 15 million loan to Mutual Trust Bank in Bangladesh

 News

BIO grants a USD 15 million loan to Mutual Trust Bank in Bangladesh

13-06-2024

BIO Supports MSME Growth and Sustainability in Bangladesh with USD 15 Million Loan to Mutual Trust Bank

Read more
Climate Strategy Publication

 News

Climate Strategy Publication

18-04-2024

BIO has published a renewed Climate and ecological sustainability strategy for BIO’s investments.

Read more
USD 40 M European Backing for Uganda Rural Telecom Expansion

 News

USD 40 M European Backing for Uganda Rural Telecom Expansion

06-03-2024

TowerCo of Africa Uganda has secured US$40 million long-term financing from European development finance partners, including the European Investment Bank, the Development Bank of Austria (OeEB) and Belgian Investment Company for Developing countries, to support new investment aimed at significantly improving mobile phone network coverage in rural areas of Uganda, unlocking digital empowerment and economic advancement.

Read more