Côte d’Ivoire: IFC completes Ciprel package


The World Bank’s International Finance Corporation has completed a €200m ($262m) financing package for the expansion of the Compagnie Ivoirienne de Production d’Electricité (Ciprel) gas-fired power plant. The expansion comprises the addition of a 111MW gas turbine (Phase 4A), and conversion to combined cycle of its two latest gas turbines, which will add a further 111MW capacity via a steam turbine (Phase 4B). The two investments will cost a total of €350m. For Phase 4B, IFC is providing a €100m loan, while Proparco and the African Development Bank are each providing €50m loans.