Private equity firm Emerging Capital Partners (ECP) has announced that its 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 €303 million financing agreement with the International Finance Corporation (IFC) and the state of Côte d’Ivoire.

The CIPREL V power plant, owned by subsidiary Atinkou (meaning “house of light” in the Ebrié language)...