of debt to support the construction and operation of a 46MW biomass plant in Cote D’Ivoire (LMIC and FCAS). This will improve income generation for 12k outgrowers, while increasing access of reliable electricity to 743k consumers and avoiding 120k tCO2e per year.
SDG 2.3 – Increase agricultural productivity and incomes of farmers.
Expected impact: 12k outgrowers are expected to benefit from an increase in income generation.
SDG 7.1 + 7.2 – Access to affordable and reliable renewable energy.
Expected impact: 743k consumers are expected to benefit from improved access to electricity. The users who consume the most power will feel the largest impact.
SDG 13 – Climate change mitigation.
Expected impact: Avoid 120k tCO2e/year.
Challenge: The grid in Cote D’Ivoire is dominated by thermal power.
Channel: Demonstrate first biomass IPP project in the country.
Outcome: Further replication of biomass projects to increase renewable generation and diversify the energy mix.
Mobilised $64.5m of private sector investment.
$9.5m of viability gap funding (VGF) to enable the project to reach financial close.
As part of the due diligence process, 20 HSES improvements and one HSES enhancement opportunity were identified which are now reflected in the Project Environmental and Social Action Plan (ESAP). Enhancements include defining and implementing climate adaptation actions from the climate vulnerability assessment.
