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World leading
investors bring a technical and financial support to the AZITO
project.
THE CONFIDENCE
OF WELL-KNOWN INVESTORS
Azito Energie
shareholding structure combines the know-how of the world electricity
leaders and the experience of major development institutions:
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ABB
is a leader in power and automation technologies that enable
utility and industry customers to improve performance while
lowering environmental impact. The ABB Group of companies
operates in around 100 countries and employs around 110,000
people. In Africa, the ABB Group is represented in 48 countries
with more than 4,000 employees. ABB Equity Ventures' business
objective is the management of an existing portfolio of equity
investments, which the group has developed over the years. ABB
Equity Ventures' portfolio of projects range from Power Generation to
Airport Infrastructure.
More information about ABB Group is
available at
http://www.abb.com
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Industrial
Promotion Services West Africa, IPS (WA) is a part of the Aga
Khan Fun dfor Economic Development (AKFED), itself a part of Aga
Khan Development Network (AKDN) which covers social development,
economic development and culture. Created in 1965 in cooperation
with the Ivorian Government, IPS (WA) developed 24 projects in
Côte d'Ivoire, in other west-African countries and in Europe.
Employing more than 6,000 persons, IPS
(WA) has a global turnover of 300 million US dollars and is
active in 6 business areas: agribusiness, transport packing, packaging, infrastructures,
metals and trade for Small and Medium-Entreprises.
The mission of IPS(WA) is to participate in the economic
development and improve the living conditions of population in
the countries where they are actively involved.
More
information about IPS (WA) is available at :
http://www.ips-wa.org
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The EDF Group is a leading player in the European energy industry present in all areas of electricity value chain from generation to trading, and increasingly active in the gas chain in Europe. The EDF Group has an installed capacity of 128,190 MWe. THE EDF Group supplies energy to 37.80 million customers in Europe. Mainly established in Europe, the EDF Group is also involved in Africa in electricity generation in Ivory Coast and in energy supply services in Morocco and South Africa. The EDF Group is committed to a responsible performance strategy which combines economic performance, social equality and environmental responsibility.
More information about EDF is available at:
http://www.edf.fr |
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Globeleq is an experienced operating power company, actively developing energy solutions for the emerging markets of Africa, the Americas and Asia. We develop economically sustainable businesses that support the continued development of the electric power sector in these regions and actively participate in the communities in which we operate.More information about Globeleq is available at http://www.globeleq.com. |
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AN
INTERNATIONAL FINANCING SCHEME
The global investment of the first two
phases of the Project (300 MW) including transmission lines represents
223 million US dollars.
An Ivorian project company, AZITO ENERGIE, was created in 1997 to
build, finance and operate the Azito Project (BOOT Concept: "Build,
Own, Operate, Transfer").
The project is financed through Azito
Energie shareholders and by loans contracted with commercial banks as
well as international financial and development institutions (IFC,
CDC, AfDB, FMO, DEG and the World Bank).
AZITO power project is also the first major infrastructure project in
sub-Saharan Africa that has mobilised commercial banks financing. 60
million US dollars were subscribed by Société Générale in France, then
syndicated to various other international banks. Half of this
financing is guaranteed by World Bank through its Partial Risk
Guarantee (PRG) scheme, which is the first and only guarantee that has ever
been implemented in Sub-Saharan Africa.
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