ECP announces portfolio company Eranove signs EUR303mn financial agreement

11 Mar 2020

Emerging Capital Partners (ECP) announces that portfolio company Eranove has signed a financing agreement for a 390 MW combined cycle power plant in Côte d’Ivoire. Eranove, the Pan-African utilities group, signed the EUR303mn financing agreement with International Finance Corporation (IFC), member of the World Bank Group, and the State of Côte d’Ivoire.

The CIPREL V power plant, owned by subsidiary Atinkou (meaning “House of Light” in the Ebrié language), will be in Jacqueville, near Abidjan. The Atinkou power plant will use combined-cycle turbine technology that combines a gas-fueled turbine and a recycled steam-fueled turbine for more efficient gas consumption.

Eranove anticipates that the power plant will supply energy to around one million households in Côte d’Ivoire each year, supporting national efforts to facilitate sustainable economic growth through increased access to affordable energy.

-END-

« Back to Member News

We’re on Clubhouse! Join the AVCA PE & VC Lounge for conversations about key trends driving African investment and… https://t.co/M7qS2knmrz

We look forward to welcoming @AbasiEneobong of @weare54gene and Biju Mohandas of @LeapFrogInvest at the upcoming AV… https://t.co/3Z72z8Vknw

RT @nickodonohoe: It’s important for us to consider the disproportionate economic impact the pandemic is having on women. Thanks to @AVCA_A…

Calling all first-time fund managers and GPs currently fundraising! We have limited slots available for the Pitch C… https://t.co/NhrxeB3fGA

Don't miss the panel 'Evolving Themes and Emerging Opportunities' with Adenia Partners' Managing Partner, Stephane… https://t.co/q6DVq0rNVZ

;