France’s Proparco has arranged a €90m ($105m) loan for Groupe Sifca to support its investment plans across West Africa, including the construction of the 46MW Biokala biomass power plant in Ayébo in south-eastern Côte d’Ivoire. The credit line is co-financed by Dutch development bank FMO and Société Générale, Proparco said on 8 October. The biomass plant is to be built and operated by Sifca’s renewable energy subsidiary Biokala SA and France’s EDF, under an agreement signed in September 2014.
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