Ivory Coast Secures 35 Million Euro Loan for Largest Biomass Power Plant in West Africa
Ivory Coast has secured a 35 million euro ($39 million) loan from the Emerging Africa Infrastructure Fund (EAIF) to support the completion of its first biomass-fired power generation plant. The construction of this 46-megawatt (MW) plant, which began last year, is being supported by France’s EDF (Électricité de France). The project is expected to cost approximately 237 million euros and will become the largest biomass power facility in West Africa, according to the EAIF’s statement. The plant aims to contribute to the country’s energy needs and promote renewable energy sources in the region.
The plant will use wood chips from sustainably managed forests as fuel. It is expected to generate enough electricity to power 150,000 homes and reduce carbon emissions by 200,000 tons per year. The project is expected to create 500 jobs during construction and 100 permanent jobs once it is operational.