Electricite de France (EU:EDF)
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2 Months : From Nov 2019 to Jan 2020
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 email@example.com; @carlomartu
(END) Dow Jones Newswires
December 09, 2019 12:40 ET (17:40 GMT)
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