Fund lends €25m to Côte d’Ivoire clean energy hydropower project

The Emerging Africa Infrastructure Fund (EAIF), owned by the Private Infrastructure Development Group, is lending €25-million over 18 years to Ivoire Hydro Energy (IHE), which will build a 44 MW hydroelectric plant on the Bandama river near the village of Singrobo, in Côte d’Ivoire. Financial close on the €174-million project is expected in the third quarter of this year. Construction will take about 36 months.