The proposed project (“Azito Phase 4” or “project”), developed by Globeleq Africa Holdings Limited (“Globeleq”) and Industrial Promotion Services (West Africa) (“IPS ((WA)”) (together the “Sponsors)”), is an expansion of the existing Azito Energie S.A. (“Azito Energie” or the “company”) power plant in Abidjan, Côte d’Ivoire. The project will be built and operated by Azito Energie and Azito Operation and Maintenance S.A. (“Azito O&M”), respectively.The existing thermal power plant consists of a combined cycle gas-fired power station with a total capacity of ~427 MWe, developed in three phases, all financed by IFC. Two 144 MWe simple cycle gas turbines were commissioned in March 1999 (Phase 1) and February 2000 (Phase 2), respectively, and were subsequently converted into a combined cycle in 2015 with the addition of two heat recovery steam generators (HRSG) and a 139 MWe steam turbine (Phase 3).
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