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Making post-conflict development possible

Finance was sought to expand Azito Energie’s power station in Cote D’Ivoire from 283MW to 428MW.

October 2012

Azito Energie

Cote D’Ivoire
Cote D’Ivoire
Energy Generation, Transmission & Supply
Energy Generation, Transmission & Supply
Overall: US$ 403m
EAIF: US$ 30m

Traditional bank lenders can be risk averse when considering developments in post-conflict states. EAIF and development finance partners made the project possible. Additionally, EAIF was able to grant an extended loan period, a move central to the project’s viability. Expanded by 50% to produce 426MW of electricity, the power station now provides 15% of the nation’s electricity and Côte D’Ivoire has a more reliable energy supply.

600 people were employed to build the enlarged plant and 14 new operational jobs created. The indirect employment impact is significant. The used of combined cycle technology financed by EAIF allows the plant to generate more electricity from the same amount of gas, which is environmentally advantageous and economically efficient.

Applying for project support

If you are looking for debt finance for an infrastructure project in sub-Saharan Africa please talk to us.

EAIF mainly supports private sector infrastructure projects to create new or expand existing facilities. We welcome enquiries from companies in Africa and worldwide that want to grow their businesses in sub-Saharan Africa and share our commitment to the continent and its peoples. Enquiries are also welcome from  financial advisers and specilaist consultants.