Nine financial institutions, including the International Finance Corporation (IFC, part of the World Bank), Proparco (part of the French Development Agency AFD), the West African Development Bank (BOAD), the African Development Bank (AfDB) and the International Development Fund of OPEC (OFID) have approved a FCFA 170bn (US$289m) investment to support the extension of the Azito gas-fired power plant in Ivory Coast.
The 469 MW Azito gas-fired CCGT power plant has been commissioned in phases since 1999 and is operated by Azito Energie, owned by Globeleq and the Industrial Promotion Services West Africa (IPSWA), a member of the Aga Khan Fund for Economic Development (AKFED). The Phase IV project will add 253 MW to the power plant, raising its installed capacity to more than 700 MW. Construction works are expected to last 30 months and will be carried out by Spanish construction group ACS Cobra, while GE will supply the gas turbines.
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