Côte d'Ivoire Renewable Energy & Financial Stability Initiative

2026-07-22

The proposed REFI project supports the Government of Cote d’Ivoire in restoring the financial sustainability of the electricity sector and accelerating the energy transition. It includes an IBRD Loan Guarantee of up to EUR [622] million to help refinance arrears and short-term debt, thereby creating fiscal space and restoring investor and lender confidence and to enable investment in grid-connected solar generation and battery storage. The project also includes a EUR [17] million IBRD Loan to provide technical support to CI-Energies for effective project implementation. REFI is part of a broader energy sector recovery and reform program under the Government’s Energy Compact and the World Bank Group’s engagement.The project includes three components:Component 1: Arrears clearance and short-term debt refinancing -- supported by IBRD guarantee-backed commercial financing to clear payment arrears to IPPs and gas suppliers and refinance short-term liabilities.Component 2: Green investments in renewable energy and battery energy storage systems -- supported by IBRD guarantee-backed commercial financing for two 120 MWp solar PV plants with 120 MWh battery storage and associated transmission, to expand clean energy and grid reliability.Component 3: Technical assistance and capacity building -- supported by IBRD loan to provide institutional and technical support to CI-Energies for the preparation, procurement, and implementation of solar and storage investments.

Cote d'Ivoire

2025-12-17