Debt to develop, construct and operate 44MW greenfield hydro plant in Côte d’Ivoire (FCAS).
Expected impact on people
537k consumers are expected to benefit. The largest impact will be felt by users that consume the most power.
7.1 + 7.2 – Access to affordable and reliable renewable energy.
Expected impact on planet
Avoid 68k tCO2ee per year.
13 – Climate change mitigation.
Expected impact wider economy
A number of businesses are expected to benefit which will in turn create indirect jobs in the economy.
8.5 – Achieve full and productive employment.
Challenge: Côte d’Ivoire is highly reliant on thermal energy for electricity production.
Channel: Demonstration one of the first utility scale hydro IPPs in the country.
Outcome: Replication by other investors leading to more diversified energy mix and improved resilience of the sector.
Mobilised $23.1m from the private sector.
Physical: Changes in water flow and availability have been assessed and the risk of landslides and flooding has been considered in the project design.
As part of the due diligence process, 22 HSES enhancement opportunities were identified which are now reflected in the Project Environmental and Social Action Plan (ESAP). Additional studies were required to support the project including biodiversity feasibility studies, the probability of biodiversity offset results and the governance structure for offset mitigation measures.