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Tuesday, 05 April 2016

EIB steps up its activities in Côte d’Ivoire with EUR 117m project

On 18 March 2016 the Prime Minister, H.E. Daniel Kablan Duncan, and the Vice-President of the European Investment Bank (EIB), Mr Ambroise Fayolle, announced the provision of a EUR 117m loan by the European Union's bank to support the development of the ENERGOS project in Côte d’Ivoire (...) The EU loan of EUR 117m will serve to support the development of the ENERGOS project centred on the rehabilitation and extension of the energy networks in the cities of Bouaké, San Pedro and Abidjan and the creation of a new national dispatching centre in Yamoussoukro (...) This large-scale project, which is also being supported by the European Commission (EUR 70m grant) and the WADB (EUR 52m loan), will help to widen the population's access to the power grid: over 100 000 new customers will be connected whilst more than 200 000 other customers will have their connections improved. This project forms part of and is consistent with the Côte d’Ivoire authorities' development plans. On 13 November 2015 at the ceremony to launch the national programme for rural electrification in the Districts of Comoe and Zanzan, the Prime Minister, Daniel Kablan Duncan, reiterated its special significance: "We are all aware that energy in general, and electricity in particular, are key pillars of any sustainable social and economic development that is of real benefit to the people. Côte d’Ivoire, which aims to become an "emerging country by 2020", cannot therefore neglect this strategic sector."
Source: eib.org