Bloomberg News

Ivory Coast to Spend $4 Billion Over Six Years to Boost Energy

November 16, 2012

Ivory Coast will invest $4 billion over the next six years in energy infrastructure to boost electricity output by 80 percent, outgoing Mining and Energy Minister Adama Toungara said.

Power production will increase by 1,100 megawatts, Toungara told reporters today at the opening of an industry conference in the capital, Yamoussoukro.

The expansion of the Azito and the Ciprel power plants, both located in Abidjan, the commercial capital, will cost $776 million, while $660 million will be invested in the hydropower dam of Soubre in the southwest, he said. The capacity of the Aggreko power plant, located in the south of Abidjan, will also be reinforced, he said.

Another $750 million will be invested in the three power plants including ContourGlobal and Starenergie outside of Abidjan and Mirman in Jacqueville, 50 kilometers (31 miles) west of the city, Toungara said.

To contact the reporters on this story: Baudelaire Mieu in Abidjan at bmieu@bloomberg.net; Olivier Monnier in Abidjan at omonnier@bloomberg.net

To contact the editor responsible for this story: Emily Bowers at ebowers1@bloomberg.net


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