American energy producer Endeavor is about to raise $900 million to build a 1200 MW gas-fired power plant in Songon, Cote d’Ivoire. Sean Long, Endeavor’s Managing Director, said he was confident regarding the fund mobilization process.

Endeavor will provide part of the funding in the form of private capital, with the help of Denham Capital, a private finance company which specializes in power resources. It will obtain another part of the funding from international institutions such as American Private Equity Firm, International Finance Corporation and African Development Bank (AfDB).

Government plans to buy power produced by the plant. It will, initially, generate 375 MW.

Cote d’Ivoire, world’s leading cocoa producer, currently records an impressing growth rate: 10.3% in 2015 according to authorities. Paired with this boom is a rising demand for power which grows by 10% a year, in average.

Gwladys Johnson