Monday , October 22 2018

Ivory Coast nears $530mn thermal-power plant deal

Bloomberg

Ivory Coast is close to completing a deal with the local unit of France’s Eranove SA for the construction of a thermal-power plant that could expand the country’s generation capacity by almost a fifth, according to two people familiar with the matter.
The 300 billion CFA franc ($530 million) gas-fired facility will be owned by Cie Ivoirienne de Production d’Electricite, known as Ciprel and operator of the West African nation’s biggest electricity plant, said the people, who asked not to be identified because they’re not authorized to speak publicly about the matter.
The plant’s envisaged capacity is 350 to 400 megawatts and it will probably be based in Jacqueville, 61 kilometers (38 miles) southwest of the commercial capital, Abidjan, near the country’s offshore gas fields, said the people.

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