EAIF to fund 44 MW hydroelectric dam in Ivory Coast

Ivoire Hydro Energy (IHE) has received Euro 25 million from the Private Infrastructure Development Group’s Emerging Africa Infrastructure Fund (EAIF). The money will be used to build the Singrobo hydropower dam in Southern Ivory Coast. Then loan was issued with a 25-year repayment option. IHE, the project developer, will receive the funds and the loan is in addition to other sources of funding that have previously been secured.

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Burkina Faso to develop 30 MW solar park with EAIF funding

Burkina Faso, in West Africa, has announced that it will develop a solar power plant 250 km southeast of the nation’s capital city of Ouagadougou, near the town of Pâ. The new solar energy plant will have an installed capacity of 30 MW and will sell power to Burkina Faso’s national power utility, La Société National D’électricité Du Burkina Faso (SONABEL). The Project includes string inverters and monocrystalline modules and will be connected to the grid via a 2km cable to a nearby sub-station.

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