Project Description
Voltalia S.A. (“Voltalia”) and International Finance Corporation (“IFC”) entered into an agreement under which IFC will support the development of a pipeline of new power-to-mine opportunities in selected countries. These include Botswana, Cote d’Ivoire, DRC, Ghana, Guinea, Madagascar, Mauritania, South Africa and Zambia. This engagement aims to structure clean, affordable, and sustainable energy solutions for the mining sector, which is one of the most energy-intensive industries worldwide. This high energy demand is today primarily met through the burning of fossil fuels rather than renewable sources. This also contributes to the objectives of Mission 300 and IFC’s engagement towards Distributed Renewable Energy solutions, in addition to Voltalia’s mission to improve global environment while fostering local development..
Through this collaboration, IFC will work closely with Voltalia, finance feasibility studies and review bankability considerations of the proposed solutions