The Africa Finance Corporation (AFC) has approved a bridge loan facility of $170 million for the construction of the 44 MW Singrobo-Ahouaty hydropower projects in Côte d’Ivoire. The deal was concluded in mid-December, when a first disbursement was made for the project, in which the AFC has also invested equity. Other shareholders include Themis, a project development company, and IHE Holding, a company incorporated by Ekolan Alain Etty, a local entrepreneur. The Singrobo-Ahouaty hydropower will be built by Eiffage, a leading French EPC contractor, selected following an international competitive bidding. Last year, Côte d’Ivoire said it signed an agreement with France’s Eranove SA for the construction of a thermal-power plant with a capacity of 390 megawatts.
Source: The North Africa Journal February 12, 2019 12:22 UTC