Agreement reached for Azito gas-fired power plant expansion

Côte d’Ivoire: Azito Energie SA, a subsidiary of Globeleq, has signed an amended Concession Agreement with the government of Côte d’Ivoire to add 250 MW to the existing Azito gas-fired power plant near Abidjan.

The existing power plant currently generates 430 MW. The Phase IV expansion, combined with the technical MXL2 upgrade (being undertaken during 2019 adding 30 MW to the plant’s capacity), will enable Azito to supply around 700 MW, or approximately 30 % of Côte d’Ivoire’s installed capacity.

Côte d’Ivoire’s minister of petroleum, energy and renewable energy, Abdourahmane Cisse, said that the signature of the amended concession agreement between Azito and the government of Cote d’Ivoire is an important step in the development of electricity generation.

“This decision is part of the policy to control energy on line with the plan currently implemented by the President, Alassane Ouattara. This step is specifically crucial to answer the growth of electricity demand which has been estimated at about 10%. The government of Côte d’Ivoire is also working on several other projects which will enable us to reach the objective set up by President Alassane Ouattara which is to achieve 4,000 MW in 2020,” said Cisse.

The Azito Phase IV expansion is expected to reach financial close in June 2019 in accordance with the government’s desired target.

Source: ESI Africa