A EUR 10 million country window dedicated to the Ivorian renewable energy market
ElectriFI will mostly apply to projects leading to new and improved connections to electricity for populations living in under-served and remote areas. Sustainable and economically viable agri-biomass projects as well as urban captive power producers servicing commercial and industrial off-takers are also to be part of the dedicated strategy for the country. By 2022, this country window aims to connect thousands of households and local businesses to reliable, affordable and clean sources of electricity.
Why Côte d’Ivoire?
The growing economy of Côte d’Ivoire requires increasing power production. The government’s objective is to boost its capacity to about 4,000 MW by 2020 and 6,000 MW by 2030 to meet the demand. Côte d’Ivoire relies to a large extent on Independent Power Producers (IPPs) to generate and supply electricity to meet the growing energy demand. In its Strategic Plan for the Development of the Electricity Sector by 2030, the government identified various projects requiring significant investment from the private sector. Rural areas with little or no access to the transmission grid, off-grid electrification are also part of the government’s priorities. ElectriFI aims to support the national strategy by empowering investors and entrepreneurs active in the renewable energy market as well as by catalysing new sources of funding.