Scaling Solar Cote d'Ivoire - Laboa and Touba Solar PV Power Plant Project (MIGA-15709)

Regions
  • Africa
Geographic location where the impacts of the investment may be experienced.
Countries
  • Ivory Coast
Geographic location where the impacts of the investment may be experienced.
Specific Location
Morifingso, Mahana
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Feb 1, 2027
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Infinity Power Holding B.V.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Guarantee
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 27.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ MIGA website

Updated in EWS Oct 3, 2026

Disclosed by Bank Sep 18, 2026

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the MIGA, this summary covers an application by Infinity Power Holding B.V. of the Netherlands for its equity, quasi-equity, and/or shareholder loan investments in Laboa Solar PV S.A. and Touba Solar PV S.A., solar renewable generation projects in the Republic of Cote d'Ivoire (collectively, the Project). The investor seeks cover for up to US$27 million against the risks of transfer restriction, expropriation, war and civil disturbance and breach of contract in relation to the concession agreements with the State of Cote d'Ivoire for a guarantee period of up to 20 years.

Located in (i) Laboa site in the village of Morifingso, Ivory Coast, and in (ii) Touba site, village of Mahana, Ivory Coast, the Project comprises the development, financing, construction, operation, and maintenance of two solar photovoltaic (PV) power plants: a 36 MWac Solar PV plant in Laboa and a 44 MWac Solar PV plant in Touba.

The Project is being developed by Infinity Power Holding B.V. under the IFC Scaling Solar program and will operate under 25-year concession agreements with the State of Cote d'Ivoire. Electricity generated by the Project will be sold to the State of Cote d'Ivoire.

The Project's main expected benefits are to provide incremental renewable power generation capacity and support the diversification of the electricity generation mix through increased private sector participation with replicability potential. The Project contributes to Cote d'Ivoire's national objectives to achieve universal electricity access to 2030, increase overall and renewable energy generation, and mobilize private sector investment across the energy sector in line with the National Energy Compact, the National Development Plan 2026-2030 and the Country Partnership Framework FY23-27 for Cote d'Ivoire.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

As stated by the IFC, which acts as investor in the project, the Project companies, Touba Solar PV S.A and Laboa Solar PV S.A, incorporated in Cote d’Ivoire are fully owned by IPH, a joint venture between Infinity Energy SAE based in Egypt and Masdar of the United Arab Emirates. The Ivoirian Government have a right to take up to 10% of the equity of the Project Companies. The Sponsor operates and develops large-scale renewable projects (solar and wind) in Egypt, South Africa, Senegal, Ghana and elsewhere in Africa.  

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
Abu Dhabi Future Energy Company PJSC - Masdar Parent Company Energy owns Infinity Power Holding BV Client Energy

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No project contacts provided at the time of disclosure.

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://www.miga.org/contact/access_to_information

You can also request general information about MIGA and for information on guarantees by emailing: migainquiry@worldbank.org

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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