Appeals for stability as Côte d’Ivoire enters election year

Issue 409 - 14 Feb 2020 | 3 minute read

The 22 January announcement that Globeleq and its partner IPS had reached financial close for the 253MW expansion of their 460MW Azito gas-fired plant at Yopougon, near Abidjan, was timed to coincide with a visit to London by an Ivorian delegation led by President Alassane Dramane Ouattara for the UK-Africa Summit. General Electric will provide gas turbine technology and services for the Phase IV project. The new and enlarged 20-year Azito concession agreement underscores Côte d’Ivoire’s ability to finance major private sector infrastructure projects.

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