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The confidence of well-known investors - The financing of the project

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 and experience of two highly reputable companies.

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 devepment of the electric power sector in these regions and actively participate in the communities in which we operate.Thank you to consult the Internet site: www.globeleq.com .

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 .

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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