Azito expansion reaches financial close

In:

Power

Region:

Middle East & Africa

Azito Energie, a subsidiary of Globeleq and IPS (West Africa), has reached financial close on a 253MW expansion to its Azito gas-fired power plant, located near Abidjan, Côte d’Ivoire. The upgrade to the 460MW plant is financed on a debt-to-equity ratio of 80:20 via a €264 million...

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