Côte d’Ivoire: BCP Group subsidiaries contribute to financing the future Songon Energies thermal power plant

Atlantique Finance (AFIN) and Banque Atlantique Côte d’Ivoire (BACI), subsidiaries of the pan-African Banque Centrale Populaire (BCP) Group, have signed the Common Terms Agreement (CTA) for the Songon Energies project( Songo is a collection of several villages located to the west of the commune of Yopougon, in Côte d’Ivoire), which involves the financing, construction, and operation of a combined-cycle thermal power plant in Côte d’Ivoire.

As part of this major transaction, Atlantique Finance acted as Mandated Lead Arranger for the local currency financing tranche, while Banque Atlantique Côte d’Ivoire participated in the banking consortium mobilized to support the development of this major energy infrastructure.

With an installed capacity of 372 MW, the future combined-cycle thermal power plant, along with its associated infrastructure, will significantly strengthen Côte d’Ivoire’s power supply capacity in response to growing electricity demand both nationally and across the sub-region. Once operational, the facility is expected to generate approximately 2,805 GWh of electricity annually, improve access to energy for more than 4 million people, and create over 2,500 direct and indirect jobs.

The signing ceremony took place on June 1, 2026, in Abidjan, in the presence of several key stakeholders, including Kalifa Ehouman Narcisse, Director General of Energy and representative of the Minister of Mines, Petroleum and Energy; Ni Zhen, President of China Energy Group; Habib Koné, CEO of Atlantique Finance; Arsène Coulibaly, CEO of Banque Atlantique Côte d’Ivoire; as well as representatives from various technical and financial partners involved in the project.

Actively engaged alongside Songon Energies since the early stages of development, BCP Group subsidiaries have played a key role in structuring the financing and mobilizing the necessary resources for the project’s realization. This contribution highlights the Group’s expertise in structuring strategic infrastructure projects and its ability to mobilize complex financing solutions in support of economic and social development in the countries where it operates.

Representing a total investment of €619 million, the project has secured approximately €568 million in financing commitments in local currency. This strong financial backing reflects investor confidence in the project and demonstrates the capacity of local financial institutions to support large-scale operations aligned with national development priorities.

Through their involvement in this strategic operation, Atlantique Finance and Banque Atlantique Côte d’Ivoire reaffirm the BCP Group’s commitment to financing high-impact infrastructure projects. This engagement is part of the Group’s broader mission to support essential infrastructure development, promote energy inclusion, and contribute sustainably to economic growth in Côte d’Ivoire and the wider sub-region.

 

ABOUT ATLANTIQUE FINANCE

Atlantique Finance, a subsidiary of the pan-African Banque Centrale Populaire (BCP) Group of Morocco, is a brokerage and financial services firm licensed by the UEMOA Regional Financial Market Authority. Specializing in equity and bond issuance, stock brokerage, and securities custody, Atlantique Finance operates across the UEMOA region, with its headquarters in Abidjan.

With strong expertise and deep knowledge of the regional environment, Atlantique Finance has established itself as a leading player in its market, earning the trust of top-tier issuers and investors.

Thanks to the strength and resources of the BCP Group, Atlantique Finance has significant capacity to operate on the regional financial market. In synergy with the Banque Atlantique network, it plays a key role in structuring and raising funds within the UEMOA region.

www.atlantiquefinance.net

 

ABOUT BANQUE ATLANTIQUE

Banque Atlantique, a subsidiary of the BCP Group, is a major banking player in the West African Economic and Monetary Union (UEMOA), with a presence in all eight member countries (Benin, Burkina Faso, Côte d’Ivoire, Guinea-Bissau, Mali, Niger, Senegal, and Togo).

It also relies on the Group’s specialized subsidiaries, including investment banking (Atlantique Finance), asset management (Atlantic Asset Management), and insurance services (Atlantique Assurances and Atlantique Assurance Vie in Côte d’Ivoire, GTA Assurances and GTA Assurances Vie in Togo), strengthening its diversified financial services offering.

 

ABOUT BCP GROUP

Driven by values of solidarity and innovation, the pan-African BCP Group is one of Morocco’s leading banking institutions and a major player in savings mobilization and economic financing.

The Group operates in 32 countries worldwide, including 18 in Africa. As a model of financial stability and international growth, BCP operates across ECOWAS, CEMAC, and the Indian Ocean regions through universal banking, investment banking, insurance companies, and fintech subsidiaries, strengthening its continental footprint.

ABOUT CHINA ENERGY

China Energy Engineering Corporation Limited (CEEC) is one of the world’s largest energy solution providers. Founded in 2011, it offers expertise across the entire industrial chain, particularly in engineering and design, enabling it to deliver integrated turnkey solutions and full project lifecycle management services.

CEEC has extensive experience in energy infrastructure development in China and has established more than 200 overseas branches in over 90 countries. Its operations extend to more than 140 countries and regions outside China.

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