- CI-Energies and French group Aera set to trade carbon credits
- Soubré hydroelectric plant avoids the emission of 600000 tonnes of CO2 equivalent per year.
Côte d’Ivoire Energies and the Aera group have renewed their partnership. The two companies signed a contract in 2020 to monetise the carbon credit of the Soubré hydroelectric power station in southwest Côte d’Ivoire. The carbon credit at the heart of this collaboration is a unit equal to one tonne of CO2 emissions.
As a result, the Soubré hydroelectric plant saves 600,000 tonnes of CO2 equivalent per year. Aera will also manage the hydroelectric facility’s carbon certification procedures under the renewed contract. The plant, which opened in 2017, is powered by a dam built by the Chinese firm Sinohydro on the Sassandra River in the southwestern Ivory Coast.
The hydroelectric power plant, which has three generators, has a capacity of 275MW. It is Ivory Coast’s largest hydroelectric project. Its construction is part of the government’s balanced energy resource development strategy. The project cost 331 billion CFA francs or more than EUR504 million. The Ivorian government provided the financing via a loan of 239 billion CFA francs (over 364 million euros) from the Exim Bank of China.