Azito gas-fired power plant – Phase IV, Côte d'Ivoire
Name of the Project
Azito gas-fired power plant – Phase IV.
Location
The project is located in Abidjan, Côte d’Ivoire.
Project Owner/s
Azito Energie, a subsidiary of Globeleq and IPS (company owned by the Aga Khan Fund for Economic Development).
Project Description
The existing Azito power plant currently generates 460 MW.
The plan is to increase the plant’s capacity by 253 MW.
All electricity will be sold to Côte d’Ivoire under a 20-year concession agreement.
Potential Job Creation
Not stated.
Capital Expenditure
The project is being financed on a limited recourse basis, with a debt financing package of €264-million.
Planned Start/End Date
Construction has already started, with first power expected in 2020.
Latest Developments
The project reached financial close in January 2020.
Key Contracts and Suppliers
None stated.
Contact Details for Project Information
Globeleq, tel +44 203 823 5500 or email info@globeleq.com.
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