Region: Sub-Saharan Africa
Country: Côte d'Ivoire
Sector: Energy and Power
Keywords: Knowledge Lab, Energy and Power
Document(s):
Document Summary:
This series showcases how the Multilateral Development Banks’ collaboration supports the development and implementation of infrastructure investment. This support comes in the form of public sector loans, private sector finance, sector and transaction advice, guarantees, and output-based aid.
Document Details:
The Compagnie Ivoirienne de Production d’Electricité (CIPREL) was established in 1994 as the first independent power producer in Côte d’Ivoire. A public-private partnership (PPP) agreement enabled it to expand the capacity of the thermal power plant while improving its efficiency. CIPREL IV was commissioned in February 2016 and by the end of 2016 was providing power to 120,000 additional homes per year while reducing greenhouse emissions equivalent to 180,000 tons of CO2 per year. The International Finance Corporation (IFC), member of the World Bank Group, the African Development Bank (AfDB) and Proparco jointly financed this project. The Dutch development bank (FMO) and the Emerging Africa Infrastructure Fund (EAIF) joined the lender group after financial close in 2014.
Updated: April 7, 2022