Hydropower project in Côte d'Ivoire secures funding

The Singrobo-Ahouaty 44 MW hydropower project in Côte d’Ivoire has reached financial close, with the African Development Bank (AfDB) Group as the mandated lead arranger.

The financing package includes €40 million from the AfDB, as well as contributions from the Africa Finance Corporation (AFC), the German Investment Corporation (DEG), and the Emerging Africa Infrastructure Fund (EAIF).

Developed by AFC, Themis (a Denham Capital-backed company), and local sponsor Ivoire Hydro Energy Holding, Singrobo-Ahouaty is the first hydro independent power producer project developed by a local sponsor in Côte d’Ivoire. The plant, located on the Bandama River, will connect rural villages to the national grid and improve power supply reliability while reducing dependence on fossil fuels during peak demand periods. The project will also increase energy access and the share of renewables in Côte d’Ivoire’s energy mix.