EDF to Build, Run Ivory Coast Biomass Plant in JV
December 09 2019 - 12:55PM
Dow Jones News
By Carlo Martuscelli
Electricite de France S.A. (EDF.FR) said Monday that it will
build and operate a 46-megawatt biomass power plant with Meridiam
and Biokala in Ivory Coast.
The companies, through their joint venture Biovea Energie,
signed a contract with the government of the West African nation
covering the design, funding, construction and operation of the
plant for a period of 25 years. Project funding will total about
200 million euros ($221.1 million), the French energy company said,
and it will be backed by the consortium together with financial
partners.
EDF said construction work is expected to begin in mid-2020,
while the project is expected to become operational in
mid-2023.
Write to Carlo Martuscelli at carlo.martuscelli@wsj.com;
@carlomartu
(END) Dow Jones Newswires
December 09, 2019 12:40 ET (17:40 GMT)
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