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Biovea biomass plant

Sector: Power Generation (CCGT) • Location: Côte d'Ivoire

Source: World Bank Group

Project
Active

The project entails the development of a 46 MW biomass plant in Côte d'Ivoire.The future plant will have two units of 23 MW each. $ 232.48 million is the total amount of money being invested in the project. Sponsors are Meridiam and Biokala, operating through their joint venture Biovea Energie. The equity amount is $ 37.58 million. The total debt is $ 194.9 million, provided by Proparco ($159.47 m

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Project Information

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The project “Biovea biomass plant” is an infrastructure initiative in the Power Generation (CCGT) sector, located in Côte d'Ivoire. Taiyo aggregates data on it from World Bank Group.

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Description

Description

The project entails the development of a 46 MW biomass plant in Côte d'Ivoire.The future plant will have two units of 23 MW each. $ 232.48 million is the total amount of money being invested in the project. Sponsors are Meridiam and Biokala, operating through their joint venture Biovea Energie. The equity amount is $ 37.58 million. The total debt is $ 194.9 million, provided by Proparco ($159.47 million), the subsidiary of the French Development Agency (AFD) group and the Emerging Africa Infrastructure Fund (EAIF), a company of the Private Infrastructure Development Group (PIDG), lending nearly $ 35.43 million. Debt to equity is 83:17. Financial close took place on June 14th, 2021. https://www.afrik21.africa/en/ivory-coast-proparco-and-eaif-finance-the-biovea-biomass-power-plant-46-mw/

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