Ivory Coast Signs Deal for Thermal-Power Plant With Eranove

(Bloomberg) -- Ivory Coast said it signed an agreement with the local until of France’s Eranove SA for the construction of a thermal-power plant with a capacity of 390 megawatts.

The gas-fired Atinkou plant, which will cost 248 billion CFA francs ($431 million), is to be based in Jacqueville, 61 kilometers (38 miles) southwest of the economic capital, Abidjan, according to a statement from the company and documents provided by the Energy Ministry. Once completed, it will be owned by Cie Ivoirienne de Production d’Electricite, known as Ciprel.

“This plant is part of the government’s desire to strengthen the power generation capacity in the region through new units entrusted to experienced private partners to enable Ivory Coast to double its energy capacity,” Energy Minister Abdourahmane Cisse said in the statement.

The world’s number one cocoa producer has an installed generation capacity of 2,200 megawatts and exports to neighboring countries such as Ghana, Burkina Faso and Liberia.

©2018 Bloomberg L.P.

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