FCS RE Azito 4 (IFC-39270)

  • Ivory Coast
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
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  • Energy
  • Infrastructure
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Investment Type(s)
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Investment Amount (USD)
$ 60.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Feb 26, 2019

Disclosed by Bank Feb 8, 2019

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Project Description

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). 

Investment Description
  • International Finance Corporation (IFC)
Private Actors
  • Azito Energie -- Implementing Company
  • Azito Operation and Maintenance S.A -- Implementing Company
  • Globeleq Africa Holdings Limited -- Investor
Contact Information

No contact information provided at the time of disclosure


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