- AfDB will finance the Singrobo-Ahouaty 44MW hydropower project in Côte d’Ivoire.
- The Singrobo-Ahouaty financing package is estimated to be €40 million.
The African Development Bank Group will act as mandated lead arranger on the financing for the Singrobo-Ahouaty 44MW hydropower project in Côte d’Ivoire and other Ivorian energy sector infrastructure expansion projects.
The Singrobo-Ahouaty financing package is made up of €40 million from the AfDB, with additional financing from the Africa Finance Corporation, the German Investment Corporation (Deutsche Investitions-und Entwicklungsgesellschaft—DEG), and the Emerging Africa Infrastructure Fund (EAIF).
Singrobo-Ahouaty is the first hydro-independent power producer project developed by a local sponsor in Côte d’Ivoire. It is developed by the AFC, project developer Themis and local sponsor Ivoire Hydro Energy Holding.
The plant, located on the Bandama River, 150 kilometres from Abidjan, will connect rural inhabitants in the surrounding villages to the national grid. As a result, it will improve power supply reliability and reduce dependence on fossil fuels during peak demand periods.
The project, which aligns with the AfDB’s New Deal on Energy for Africa, will increase energy access for the population and the share of renewables in Côte d’Ivoire’s energy mix.