Under Construction
PROJECTS FINANCED BY THE AFDB IN 2018
Country Sector Sovereign / Non-Sovereign Title Commitment in UA Status Signature Date
Multinational Power Sovereign Multinational - Nigeria-Niger-Benin-Burkina Faso Power Interconnection Project 36,500,000 Implementation
Djibouti Power Sovereign Djibouti – Geothermal Exploration Project in the Lake Assal Region 10,740,000 Implementation
Multinational Power Sovereign Multinational - Projet d’interconnexion électrique Cameroun- Tchad (composante Tchad) 27,500,000 Implementation
Madagascar Power Sovereign Madagascar - Etude de faisabilité du projet de renforcement et d'interconnexion des réseaux de transport d'énergie électrique 1,000,000 Implementation
Multinational Power Sovereign Multinational - 225KV Guinea-Mali Electricity Interconnection Project 30,000,000 Implementation
Multinational Power Sovereign Multinational - 225KV Guinea-Mali Electricity Interconnection Project 30,000,000 Implementation
Mali Power Sovereign Mali - Mini Hydropower Plants and Related Distribution Networks Development Project (PDM-Hydro) 20,000,000 Implementation
LIST OF DEVELOPERS
Table 1 - List of Developers in Africa.pdf665.15 KB
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NEWS

Cote d'Ivoire: Exim Bank of China lends €511.7m for water and electricity

CategoryPress Releases
CountryCote d'Ivoire
TagsEnergy Access, Finance and Investment
Sourcehttps://www.afrik21.africa/en/ivory-coast-exim-bank-of-china-lends-e511-7m-for-…

The government of Cote d'Ivoire has ratified two loan agreements from Exim Bank of China for a total amount of 335.7 billion CFA francs (511.7 million Euro). The funds are intended to finance drinking water and electricity supply projects in several cities and are linked to the obligation to choose a Chinese company to implement them.

The government of Cote d'Ivoire held its first 2020 Council of Ministers on Wednesday, January 8. This was an opportunity to promulgate several decrees, some of which ratified the two loan agreements on the part of Exim Bank of China. The two loans were granted to the Cote d'Ivoire by the Chinese development bank in 2019 to finance several drinking water and electricity projects.

Regarding drinking water, Exim Bank of China granted 166.3 billion CFA francs (253.5 million Euro) to the State. The funds will be used to finance the project to strengthen the drinking water supply in twelve towns: Bouaflé, Daloa (centre-west), Divo, Grand-Lahou (south), Katiola (centre-north), Mankono, Boundiali, Odienné, Séguéla, Touba (north), Sassandra (south-west) and Tanda (east).

As a result of this project, surface water treatment plants (rivers), ground and elevated reservoirs and pipelines will be built. In the towns concerned by the project, water networks will be extended. According to the government, the new facilities will benefit 3 million people.

Funds for the Gribo Popoli dam

The other decree signed by the government of Cote d'Ivoire ratifies a loan of 169.4 billion CFA francs (258.2 million Euro). This sum is earmarked for the implementation of the Gribo Popoli hydroelectric project. Unsurprisingly, the Ivorian government has entrusted its construction to the Chinese company Sinohydro.

“This project on the Sassandra River downstream of the Soubré dam site will increase the share of hydroelectric power generation in the generating fleet by 112 MW of power and 580 GWH of output. It will also help to reduce the average cost of kWh generated across the entire park,” explains Sidi Touré, spokesman for the government.

The overall hydropower project developed in the south of Cote d'Ivoire will require an investment of €276.6 million. The availability of the funds will allow construction work to start, which will last 40 months.