SS CdI (IFC-46370)

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
Touba, Laboa
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
  • 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
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 BV
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)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 42.15 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.
Currency conversion note:
Bank reported 36.3
Converted using 2026-09-10 exchange rate.
Loan Amount (USD)
$ 42.15 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.
Currency conversion note:
Bank reported 36.3
Converted using 2026-09-10 exchange rate.
Project Cost (USD)
$ 82.90 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.
Currency conversion note:
Bank reported 71.4
Converted using 2026-09-10 exchange rate.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 3, 2026

Disclosed by Bank Sep 10, 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 IFC, the project consists of the development, construction, equipping and operations of two solar PV projects, tendered under the Scaling Solar Program in Cote d’Ivoire and attributed to Infinity Power Holding B.V.: (i) a 36 MWac solar power plant to be located at Laboa; and (ii) a 44 MWac solar power plant to be located at Touba, in Cote d'Ivoire.

The Projects were offered at very competitive tariffs of €0.03310 per kWh for Laboa and €0.03213 per kWh for Touba, which establishes a new record for the lowest solar independent power producer tariffs in West and Central Africa.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

As stated by the IFC, the total Project costs are estimated at approximately €71.4 million of which €36.1 million for the Touba plant, and €35.3 million for the Laboa plant. IFC will act as global coordinator, with the financing package for both Projects expected to include an IFC investment of up to €36.3 million, and up to €18.1 million in additional debt mobilized from a DFI.  

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, 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.
Client - Infinity Power:
 
Matthieu Philippe - Senior Business Development Manager
Phone: +44 2039 267 721
Email: info@infinitypower.com
Address: Hoogoorddreef 15, 1101 BA Amsterdam, the Netherlands
Website: www.weareinfinitypower.com
 
General IFC Inquiries - IFC Communications:
 
Address: 2121 Pennsylvania Avenue, NW, Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

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

How it works

How it works