Africa News The State of Côte d'ivoire and the Group Eranove...

The State of Côte d’ivoire and the Group Eranove sign a concession agreement for a power plant of 390 MW

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(ERANOVE ) – The Minister of Oil, Energy and Renewable Energies, Mr. Abdourahmane Cisse, Minister of Economy and Finance, Mr Adama Kone, the Secretary of State to the Prime Minister in charge of the Budget and the investment Portfolio of the State, Mr. Moussa Sanogo, and the Director General of the company Atinkou, Bernard n’guessan Kouassi, in the presence of the Director-General of the Group Eranove, Mr. Marc Albérola, signed Wednesday, December 19, 2018, the concession agreement for the financing, the design, construction, operation, and maintenance of a new power plant, called Atinkou, which means the house of light language Ebrié, in the town of Jacqueville, near Abidjan, in Côte d’ivoire.

The power of Atinkou is in line with the one developed by Ciprel, a flagship of the group Eranove and a leading operator in electricity production in Côte d’ivoire. With an installed capacity of 390 MW, Atinkou ? also referred to as Ciprel 5 in reference to the four units of this plant operated since 1994 ? will use the technology of “combined-cycle” gas-steam which increases the energy efficiency. Moreover, Atinkou will achieve a technological leap by introducing the first gas turbines of F-class in sub-Saharan Africa. These innovations make it possible to produce more electricity without consuming additional gas. The production cost of the electrical energy is thus optimized and the preserved environment by reducing the discharge of CO2 into the atmosphere.

The location of the station at Jacqueville also reflects the willingness of the authorities to generate industrial activities outside of the economic capital Abidjan, in order to create jobs and distribute geographically the economic development of the country, with the prospect of the creation of the grand Abidjan. Thus, this project Atinkou / Ciprel 5 represents 2500 direct jobs in the construction phase and 100 direct jobs in the operation phase.

This power plant is integrated in the willingness of the State to strengthen the means of production of electricity in the territory through new units to be entrusted to private partners experienced to allow Côte d’ivoire to double its energy capacity by up to 4000 MW by 2020 and consolidate its position as a “hub” for energy in the region“, explained the Minister of Oil, Energy and Renewable Energies, Mr. Abdourahmane Cissé.

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This project will rely on the expertise and experience acquired by the Group Eranove, in particular through its subsidiary Ciprel. Established in 1994, Ciprel is the first independent power producer (IPP) in West Africa and the largest in the WAEMU zone. In February 2016, His Excellency Mr. Alassane Ouattara, President of the Republic of Côte d’ivoire, launched the fourth tranche of the central Ciprel, consisting of a new turbine and combined-cycle, gas-steam, increasing the installed capacity of 321 of 556 megawatts (MW). With the central Ciprel and Atinkou, the industrial group, pan-african Eranove confirms its leadership position with nearly 1 GW of production capacity in IPP, or a total of 1640 MW, including seven hydroelectric power plants and thermal operated by the CIE.

This rise in the power of the Group Eranove both as independent producer and manager, a delegate of the public services in the sectors of water and electricity reflects the strength of our industrial capacity, in particular characterized by the use of combined cycle gas-steam, the strength of our model based on expertise and skills of africa and the quality of our relations with the authorities of the Ivory Coast that we would like here to thank“, said Marc Albérola, Director-General of the Group Eranove.

About Eranove

The Group Eranove is a leading player in the management of public services and the production of electricity and clean drinking water in Africa. The industrial Group, pan-african is present in Côte d’ivoire for several decades (SODECI, CIE, CIPREL, Awale, Smart Energy), Senegal (SDE) since 1996, and the Democratic Republic of the Congo via a service contract with REGIDESO since 2012. The acceleration of the development of the group Eranove (+ 44% growth in turnover in five years), and its geographic footprint increasing with development projects in Gabon, Madagascar, Ivory Coast, Mali and Togo confirm the adequacy of its approach. With a turnover of 576 million euros, a production capacity of electric operated 1250 MW and 1000 MW in development, 437 million m3 of drinking water produced, the group Eranove employs more than 9000 employees, of which it catalyzes the skills and know-how at the service to 1.9 million customers for electricity and $ 1.8 million for the water (figures 2017). As a responsible player, the Group is committed through its subsidiaries on all issues of CSR (corporate social Responsibility) and certifications ISO 9001 quality, safety OHSAS 18001 and environment ISO 140001. The controlling shareholder of the Group Eranove is ECP (Emerging Capital Partners), a leading pan-african capital investment. ECP has raised more than $ 3 billion since its inception, which makes it one of the largest investors in capital focused exclusively on Africa. ECP has six offices across Africa and over 17 years of investment experience. The company has completed more than 60 investments and 40 exits, and operates in more than 40 countries on the continent.www.eranove.com

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