Cote d’Ivoire’s Sifca, a JV between Singapore’s Olam International and Wilmar International, announced that it will invest $74 million during 2014 to help the West African region diversify its power mix.
On the agenda is to secure 15,000 hectares of palm oil plantations in Liberia and 10,000 hectares in Nigeria, according to executives. The remaining capital will help build a biomass power station with a 23-MW capacity in Cote d’Ivoire. "The group has a clear regional strategy and these projects should allow Sifca to continue to grow," Bertrand Vigne, Sifca’s managing director, said.
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