416

Denham Capital’s Themis Group announced on 26 May that it has issued full notice to proceed with construction of the 44MW Singrobo-Ahouaty hydropower plant on the Bandama River. The €195m ($213m) project is being developed by Themis, the Africa Finance Corporation (AFC), and Ivoire Hydro Energy Holding, which is majority owned by local entrepreneur and engineer Ekolan Alain Etty. The plant is expected to begin operating in March 2023.