Africa Finance Corporation and FMO have signed an agreement to develop together with the Ivorian project company Ivoire Hydro Energy SA (IHE), for the construction of a 44 MW hydroelectric plant in Singrobo in Côte d'Ivoire. 

The development costs for the project will be jointly financed by AFC and FMO, Dutch Development Bank, through a joint AFC-FMO project development structure. This mechanism will provide first of all an US$ 3 million equity investment for the development of the project. According to the agreement, AFC will have to invest an additional US$ 3 million to meet the financial terms of the project. 

The project will benefit from a 35-year take or pay sales agreement with CI-Energies, the national public utilities company controlled by the Ministry of Energy and Oil products. The electricity generated will be transferred from 11/225 KV substation to the Taabo-Abidjan high voltage power line, through a 225kV power line project of about 4km starting from Singrobo.