Ivory Coast’s AKFED project inaugurated with 139 MW expansion of Azito Energie’s power station

Abidjan, 30 June 2015: Azito Energie SA (“Azito”) today celebrated the commercial start-up of Phase 3 of its 430 MW combined-cycle gas turbine (“CCGT”) power plant in Abidjan with an onsite inauguration ceremony held in the presence of His Excellency Alassane Ouattara, President of the Republic of Côte d’Ivoire (Ivory Coast), Prince Rahim Aga Khan, son of His Highness the Aga Khan (founder and chairman of the Aga Khan Development Network) and Globeleq executives led by Mikael Karlsson, CEO of Globeleq.

Azito is now one of the most modern, efficient power plants in West Africa, providing 25 percent of Côte d’Ivoire’s electricity capacity.

The newly built Phase 3 adds 10 percent more affordable and reliable electricity to the country.

139-megawatt expansion of Azito Energie's power station in Ivory Coast

“This clearly demonstrates what can be achieved when governments, the international financing community and the private sector act in close cooperation to develop sub-Saharan Africa’s energy sector.

Azito provides a blueprint for the development and financing of similar power projects, both in Côte d’Ivoire and West Africa as a whole.”

– Mikael Karlsson, CEO of Globeleq, Azito’s major shareholder

Côte d’Ivoire, the world’s top cocoa producer and Francophone West Africa’s largest economy, has been inhibited by a lack of dependable electricity infrastructure even as it emerges as a regional power hub. The need for reliable and efficient power supplies has become increasingly urgent, as the country’s economic growth is dependent on it. The Azito Power Plant will help address this need.

Côte d’Ivoire already exports electricity to Ghana, Burkina Faso, Benin, Togo and Mali, all on the same network, and has plans to add Liberia, Guinea and Sierra Leone to its grid.

139-megawatt expansion of Azito Energie's power station in Ivory Coast
Arial view of 139-megawatt expansion of Azito Energie’s power station in Ivory Coast

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