Ivoire Hydro Energy honored at West Africa Forum for Clean Energy Financing
Based in Ivory Coast, Ivoire Hydro Energy is a start-up that aims to design, construct and operate a 44-megawatt hydro power plant on the country’s Bandama River operating under a concession agreement signed with the government to solve the energy challenges in the country. It was selected among 10 other finalists.
The WAFCEF 2015 featured clean-energy projects selected in a West African regional business plan contest. Burkina Faso, Ghana, Ivory Coast, Nigeria and Senegal were the countries with start-ups selected. The projects cover green technologies involving biofuels, biomass, biogas, hydroelectric, solar and conversion of waste-to-energy. They represent an aggregate investment of just under $500 million and a greengouse gas mitigation potential of about 920,000 tons of carbon dioxide per year.
WAFCEF2 was held alongside a high-level consultative meeting towards a New Deal on Energy for Africa. The two-day meeting was convened by African Development Bank President Akinwumi Adesina at the bank’s headquarters in Abidjan.