Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Starter signal given for Singrobo

Source: Eiffage
Source: Eiffage

Themis has issued full notice to proceed (FNTP) for the construction of the 44 MW Singrobo hydropower proiect in Cote d’Ivoire.

The power company, which is backed by Denham Capital, will provide power under a power purchase agreement (PPA) with Cienergues, starting in early 2023. Themis said the project would be the first independent hydropower project of its kind in West Africa.

Costs on the project are estimated to be 195 million euros ($214mn). It will reduce carbon dioxide emissions by 124,000 tonnes per year, it said, with around 500 jobs created during construction.

The project is sponsored by a group involving the Africa Finance Corp. (AFC) and IHE Holding. Construction work on the plant was awarded to France’s Eiffage.

“Themis is pleased to announce FNTP for the Singrobo project and would like to thank all our partners, the government of Ivory Coast, AFC, and IHE who have contributed to this critical milestone. This has helped the country maintain delivery of its renewable energy targets in spite of the challenges of the COVID-19 pandemic,” said Themis’ CEO Tas Anvaripour.

“Hydro power is central to Themis’ renewable energy strategy as a part of its commitment towards incremental green energy for Africa.”

The AFC announced the financial close of a facility worth 174mn euros ($191mn) for the Singrobo project in January 2019. The AFC provided financing via both debt and equity.

The loan was provided to Ivoire Hydro Energy (IHE), in which Themis has a stake as does IHE Holding, which is majority owned by local businessman Ekolan Alain Etty. Themis joined the plan in 2013.

The Singrobo project will have “a significant economic and social impact via low-cost, reliable power and the creation of local jobs while supporting the country’s energy transition”, said Denham Capital’s managing partner Scott Mackin.

Denham announced the launch of an Africa-focused power investment platform in February 2018, in partnership with Themis. At the time, ground was expected to be broken on Singrobo by summer 2018.

The power plant will be located on the Bandama River, between Abidjan and Yamoussoukro.

Recommended for you

More from Energy Voice

Latest Posts