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Ivory Coast achieves financial closure for Atinkou power plant project

Thursday, 26 Mar 2020
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Ivory Coast has achieved financial closure for the Atinkou power plant project. Several financing agreements have been inked between the project developer, the Pan-African Group Eranove, the International Finance Corporation (IFC), the World Bank Group’s private sector financing arm; and the government of Ivory Coast for development of the project. 
The financial mobilisation was carried out by IFC from the African Development Bank (AfDB); the Kreditanstalt für Wiederaufbau (KfW), the German development agency; the Netherlands Development Finance Corporation (FMO); the Emerging Africa Infrastructure Fund (EAIF); as well as the Fund for International Development (OPEC Fund). 
The power plant of 390 MW will be developed as part of a public-private partnership (PPP) and located in of Jacqueville near Abidjan. 
With an installed capacity of 390 MW, it will use the gas-steam combined cycle technology which increases energy efficiency. In addition, Atinkou will undertake a technological leap by launching the first Class F gas turbines in the Sub-Saharan Africa.


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