PROJECT

Projects

Summary of Investment Information

Project Number

45082

Company Name

Sodigaz APC SA

Date SPI Disclosed

Feb 8, 2022

Country

Burkina Faso

Region

Africa

Projected Board Date

Mar 7, 2022

Environmental Category

B - Limited

Status

Active

Last Updated Date

Jul 5, 2023

Department

Regional Industry - MAS Africa

Industry

Manufacturing

Previous Events

Approved : Jun 3, 2022
Signed : Jun 16, 2022
Invested : Jun 30, 2023

Sector

Other Petroleum and Coal Products

Additional Project Attributes

Blended Finance

Project Description

Sodigaz is the largest distributor of LPG in Burkina Faso. It also operates fuel stations and is venturing into the solar power sector.

The project entails the expansion of Sodigaz’s LPG operations, automation of certain manual operations, improvements in logistics, and installation of a solar power plant at a housing estate.

The project is expected to be supported by the International Development Association’s Private Sector Window Local Currency Facility (IDA PSW LCF) as described in the Blended Finance Section.

Associated Advisory Engagement

IFC proposes advisory support on the following areas: (i) the development of distribution models and value chains for clean energy solutions, (ii) improvement of efficiency of operations, and (iii) financial management.                                    

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation