Proparco and the Emerging Africa Infrastructure Fund (EAIF) have closed a €165 million project finance deal and €13 million grant to secure the financing of the Biovea project in Côte d’Ivoire, which will be the first biomass power plant with grid injection in Africa.

Biovea Energie is incorporated in Côte d’Ivoire and is sponsored by EDF (Electricité De France), Meridiam, and Biokala, a joint venture set up between Meridiam and SIFCA, a major agro-industrial player ...