China Energy Engineering: Signing of the main financing agreement for the Songon 372 MW gas turbine investment project in Côte d'Ivoire
A consortium of 11 banks and multilateral institutions, led by Standard Chartered and Stanbic Bank, has signed a syndicated loan agreement for China Energy Engineering Corporation's (CEEC) 372 MW gas turbine investment project in Songon, Ivory Coast. This marks a significant precedent for Chinese enterprises financing African projects through purely international syndicates. The project, CEEC's first energy investment in West Africa, has a total investment of approximately €659 million and a 35-year concession period, aiming to provide stable, clean, and efficient power to the region. AI