Cote d'Ivoire - Atinkou (CIPREL V) 390 MW Gas Power Project (AFDB-P-CI-F00-011)

Countries
  • Ivory Coast
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • African Development Bank (AFDB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
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
Jun 5, 2019
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
Government of Ivory Coast
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 57.44 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 U.A 79,781,717.22
Converted using 2019-06-05 exchange rate.
Bank Documents
Primary Source

Original disclosure @ AFDB website

Updated in EWS Jun 15, 2020

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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.

The Atinkou 390 MW gas power project has been selected by the GoCI as a priority project to meet baseload requirement of Cote d'Ivoire and strengthen its status as first energy exporter in the region due to its combined cycle technology which provides with unique efficiency levels. It complements the Bank's efforts to improve power generation, trade and transmission in the sub-region through the Cote d'Ivoire - Liberia - Sierra Leone - Guinea (CSLG) power interconnection project. The project, together with Azito IV, is primarily designed with the aim to replace the inefficient emergency plant of Aggreko (200 MW), Vridi plant (100 MW) and Ciprel I (99 MW).The project will also provide the necessary baseload backbone for the implementation of planned intermittent solar and hydro projects. In order to strengthen the Ivorian electricity network, the Atinkou power plant, built on a 30-hectare site, will have a capacity of 390 megawatts (MW). The project, to be carried out in two phases, calls for the construction of a 255 MW gas turbine within 18 months and the completion of the combined cycle, consisting of a 135 MW steam turbine and a heat recovery boiler, within 9 months. Eventually, the Taboth power plant will supply more than 2,800 gigawatts/hour of energy per year to the Ivorian power grid.

The project aims at the design, construction and operation of a new 390 MW combined cycle power plant (CCPP) on a 30 h.a. site in Taboth village, Jacqueville, Cote d'Ivoire. It is primarily designed with the aim to displace inefficient and old thermal plants such as Aggreko and Vridi power plants which carry a heavy burden on the financial situation of the sector. The new power plant will be the most efficient gas power plant in Cote d'Ivoire and the West Africa region, while also helping in reducing the carbon footprint from power generation.

The Atinkou project is a key project for the sustainability of the Ivoirian energy sector. Its implementation will improve the financial situation of the sector in the medium to long term. Furthermore, the project will foster economic and social inclusions through job creation during construction (c. 800 jobs) and over 75 permanent jobs during operation.

Investment Description
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Contact Information
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private-sector@afdb.org

ACCOUNTABILITY MECHANISM OF AfDB

The Independent Review Mechanism (IRM), which is administered by the Compliance Review and Mediation Unit (CRMU), is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an African Development Bank (AfDB)-financed project. If you submit a complaint to the IRM, it may assist you by either seeking to address your problems by facilitating a dispute resolution dialogue between you and those implementing the project and/or investigating whether the AfDB complied with its policies to prevent environmental and social harms. You can submit a complaint electronically by emailing crmuinfo@afdb.org, b.kargougou@afdb.org, b.fall@afdb.org, and/or s.toure@afdb.org. You can learn more about the IRM and how to file a complaint at https://www.afdb.org/en/independent-review-mechanism/.

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