Singrobo-Ahouaty hydropower plant

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The project entails the construction of the Singrobo-Ahouaty hydroelectric dam in southern Ivory Coast with a total investment value of $183.7 million. Sponsor of the project is Ivoire Hydro Energy (IHE), a consortium consisting of Themis (backed by Denham Capital), AFC and IHE Holding, a local development company. The sponsors previously signed a 35-year concession agreement with the government. Energy will be sold to Côte d'Ivoire's power utility CI-Energies under a PPA matching the concession term length. The equity amount stands at $46.13 million. Debt providers are the Emerging Africa Infrastructure Fund (EAIF), the African Development Bank (AfDB), the African Finance Corporation (AFC), as well as the German Investment Corporation (DEG). The lenders are providing 75% of the funds needed to implement the hydroelectric project. Construction started in April 2019 following the signing of a €149.6 million bridge loan provided by shareholder AFC. French engineers Eiffage was awarded a €110 million design-build contract in October 2018. Financial close took place on December 19, 2022. Realfin https://www.ijglobal.com/articles/169557/singrobo-hydro-reaches-financial-close https://www.afdb.org/en/news-and-events/press-releases/cote-divoire-african-development-bank-africa-finance-corporation-german-investment-corporation-and-emerging-africa-infrastructure-fund-reach-financial-close-eu1743-million-singrobo-hydropower-plant-57526