Globeleq starts Côte d’Ivoire gas power plant expansion
Construction has started on the 139 MW expansion of the Azito gas-to-power plant near Côte d’Ivoire’s capital Abidjan, British State-owned power generator Globeleq reported on Monday.
The company indicated that more than 1 000 jobs would be created at the peak of construction, while emphasis would be placed on local resourcing. Construction was expected to be completed in early 2015.
Hyundai Engineering and Construction was the engineering, construction and procurement contractor and would design, build and commission the expansion on a turnkey basis.
The plant would reach a final nominal capacity of 420 MW, which would make it one of the largest and most efficient thermal power plants in the West African country.
The additional electricity would be sold to the Côte d’Ivoire government, through CI Energies under a 20-year concession.
Eighty per cent of the expansion funding was provided by lenders, which included the International Finance Corporation and European development finance institutions, led by the private sector arm of French State-owned development finance institution Agence Française de Développement Proparco and the West African Development Bank.
Globeleq indicated that it would contribute the majority of the equity funds with the remaining funds to be provided by its project partner, industry and infrastructure sector developer Industrial Promotional Services (West Africa). The Multilateral Investment Guarantee Agency, a member of the World Bank Group, was providing insurance cover for some aspects of Globeleq’s investment.
“Once operating, the facility will produce 50% more power using no additional gas and, therefore, no further emissions. This success clearly demonstrates the ongoing cooperation needed by government, the international financing community and the private sectors to successfully develop the energy sector in the region,” Globeleq’s CEO, Mikael Karlsson, said.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















