Portfolio

#CashForClimate

Support the largest hydro plant ever built in Ivory Coast

Project Name : Soubré

Key Facts

270 MW installed capacity
600,000 T CO2 saved / year
120 villages newly electrified

Description

Project owner : CI-Energies

Soubré hydropower plant is a game changer in Côte d’Ivoire to reach a low carbon energy mix in the country. Located on the Sassandra river at about 5 km far from Soubré city in Côte d'Ivoire. This run-of-river hydropower plant producing 1,170 GWh of electricity on average per year substitutes fossil-fuel intensive grid-electricity and cut down GHG emissions

The government targets 34% of renewable energy production by 2020. Soubré is a strong milstone toward the fullfilment of this national strategy.
Located on the Sassandra river, the plant has a production capacity of 1,170 GWh. Thanks to this project, the country was able to increase it’s electrical power by 10%.

CI-Energies is the national grid company from Côte d’Ivoire. Their mission is that 100% of Ivorians have access to electricity (94% to date). CI-Energies emphasize on renewable energy production with 4 projects being developped until 2022.

Impact

Thanks to the plant 120 villages in the Mountains district have now access to electricity

The local population can now live a modern life using green electricity.

The price of the kilowatt is 20 F CFA from Soubre vs 55 F CFA from other source of energy.

The project helps the sector to find their financial balance.

CI-Energies used the local workforce to build the plant.

The project hired more than 4,000 people (directly and indirectly) for the construction phase and relies on 50 permanent technicians to ensure operation and maintenance.

Through this project and their action, CI-Energies is helping the region.

The project helps the San Pedro region to have a revival of activity, more people are now working and living in this area.

CSR Action

Creation of a 200 ha biodiversity conservation area (largest area in Africa). This land will also run a program to raise awareness about biodiversity protection.
Protection of the National Par of Taï by offering 2 trucks, 1 motorcycle and awareness panel.

Construction in the nearby villages of 5 schools, 3 medical centers, housing and a sports complex. Installation of village pumps that allows 6,000 persons to have access to clean water.

Creation of a dedicated fishing area for the local community and the Soubré fish market that will allows them to generate more revenues.

Pictures

Content

PDF Presentation Soubré pictures project Project design document

News

Aera Group signs the trading mandate to monetize the carbon credits of Soubré hydropower plant 05.27.20

Press -  F. Le Saché (Aera Group) : "The fight against global warming is played out in Africa" Click to read to full interview (in french) Corporate -  Aera Group appoints PWC as statutory auditor. Portfolio -  Aera just completed the issuance of 23,952 CO2 reduction certificates from Sakal Solar PV in Senegal Transaction -  Aera delivers 74,000 tCO2 from Mauritanian wind and solar projects. Transaction -  Aera signs its largest forward purchase of CO2 certificates for a total value of USD 7,7 million generated by the DR-Congo Tanganyika Improved Households Cookstoves Program. Urgent -  Aera's founders sell a 35% stake to Arise IS based on a €28.5 M valuation. Press -  F. Le Saché (Aera Group) : "The fight against global warming is played out in Africa" Click to read to full interview (in french) Corporate -  Aera Group appoints PWC as statutory auditor. Portfolio -  Aera just completed the issuance of 23,952 CO2 reduction certificates from Sakal Solar PV in Senegal Transaction -  Aera delivers 74,000 tCO2 from Mauritanian wind and solar projects. Transaction -  Aera signs its largest forward purchase of CO2 certificates for a total value of USD 7,7 million generated by the DR-Congo Tanganyika Improved Households Cookstoves Program. Urgent -  Aera's founders sell a 35% stake to Arise IS based on a €28.5 M valuation.