Azito gas-fired power plant – Phase IV, Côte d'Ivoire

3rd April 2020

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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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, which is owned by the Aga Khan Fund for Economic Development.

Project Description
The existing Azito power plant currently generates 460 MW.

The aim 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
During the peak of construction, it is expected that 800 to 1 000 jobs will be created of which about 50% of these will be locally based.

Capital Expenditure
The project is being financed on a limited recourse basis, with a debt financing package of €264-million.

Planned Start/End Date
First power is expected in 2020.

Latest Developments
Globeleq has officially started the construction of Phase IV of the Azito project.

Key Contracts and Suppliers
Cobra (engineering, procurement and construction).

Contact Details for Project Information
Globeleq, tel +44 203 823 5500 or email info@globeleq.com.

Edited by Creamer Media Reporter

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