Africa Finance Corporation (AFC) is using an innovative method to fund Ivoire Hydro Energy's (IHE) 44 MW Singrobo-Ahouaty hydroelectric power project (SAHP). AFC will provide $197m in the form of a $169m bridge loan to kickstart construction of the SAHP and the balance as equity in the project. The model aims to halve the usual 10-year development phase for such projects. West Africa's is one of The Ivory Coast leading power generators, with 2.2 GW around 30% of which are renewables.
Africa Finance Corporation (AFC) is using an innovative method to fund Ivoire Hydro Energy's (IHE) 44 MW Singrobo-Ahouaty hydroelectric power project (SAHP). AFC will provide $197m in the form of a $169m bridge loan to kickstart construction of the SAHP and the balance as equity in the project. The model aims to halve the usual 10-year development phase for such projects. The Ivory Coast is one of West Africa's leading power generators, with 2.2 GW around 30% of which are renewables.