Côte d’Ivoire: Concession agreement signed for Azito expansion

UK-based developer Globeleq and the Aga Khan Fund for Economic Development-owned Industrial Promotion Services (West Africa) announced on 7 March that they had signed an amended concession agreement with the government for a 250MW expansion to the Azito gas power plant near Abidjan. Financial close is expected in June 2019.Alongside the expansion, a technical upgrade being implemented this year will add 30MW to the existing 430MW, meaning that the expanded facility will generate 710MW, or around 30% of Côte d’Ivoire’s installed capacity.