EDF to Build, Run Ivory Coast Biomass Plant in JV

Date : 12/09/2019 @ 5:55PM
Source : Dow Jones News
Stock : Electricite de France (EDF)
Quote : 11.41  -0.075 (-0.65%) @ 12:20PM

EDF to Build, Run Ivory Coast Biomass Plant in JV

Electricite de France (EU:EDF)
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   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)

Copyright (c) 2019 Dow Jones & Company, Inc.


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