AFC agrees €149.6m loan for hydro project

In depth
Issue 385 - 31 Jan 2019 | 11 minute read

The Africa Finance Corporation (AFC) has finalised a bridge loan facility worth €149.6m ($170m) for the construction of the 44MW Singrobo-Ahouaty hydropower project. The transaction closed in mid-December, when a first disbursement was made for the project, in which the AFC has also invested €24.4m equity. Construction is expected to begin before Q2.The loan is intended to fast-track construction while long-term lenders secure final credit approvals, complete documentation, meet conditions precedent and disburse funds.

Tagged with:

Pin Power

Pin Côte d'Ivoire

Want to read more?

Extra Large Article


(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map