Côte d’Ivoire: BCP Group subsidiaries support financing of the future Songon Energies power plant

Subsidiaries of the Banque Centrale Populaire (BCP) Group, Atlantique Finance and Banque Atlantique Côte d’Ivoire, are participating in the financing of the Songon Energies project, a future combined-cycle thermal power plant aimed at strengthening Côte d’Ivoire’s electricity generation capacity.

Located in Songon, in the Abidjan district, the project is one of the country’s major energy infrastructure developments. With an installed capacity of 372 MW, the plant is expected to significantly increase national electricity production and generate approximately 2,805 GWh per year, according to project data. It is designed to help meet rising electricity demand driven by economic growth and urban expansion.

The total investment is estimated at €619 million, equivalent to more than 406 billion CFA francs. Authorities and project stakeholders indicate that the infrastructure could improve electricity access for more than 4 million people once operational.

The project is also expected to generate more than 2,500 direct and indirect jobs during both its construction and operational phases, contributing to local economic activity.

Atlantique Finance, acting as Mandated Lead Arranger for the local currency tranche, together with Banque Atlantique Côte d’Ivoire as part of the banking consortium, reflects the growing involvement of African financial institutions in structuring and financing large-scale infrastructure projects across the continent.

In a context of steadily increasing electricity demand, Songon Energies is considered a key project for strengthening Côte d’Ivoire’