On June 1 China Energy Engineering Corp's Songon project company signed a financing master agreement with a syndicate of 11 banks and multilateral institutions led by Standard Chartered, South Africa's Standard Bank, Pan‑African Bank and Atlantic Bank to fund the 372 MW Songon gas‑turbine project in Côte d'Ivoire. Total investment is about €659m; the project is backed by China Energy's Haitou unit. The plant carries a 35‑year concession and is expected to produce roughly 2.8 bln kWh a year. Chin

On June 1 China Energy Engineering Corp's Songon project company signed a financing master agreement with a syndicate of 11 banks and multilateral institutions led by Standard Chartered, South Africa's Standard Bank, Pan‑African Bank and Atlantic Bank to fund the 372 MW Songon gas‑turbine project in Côte d'Ivoire. Total investment is about €659m; the project is backed by China Energy's Haitou unit. The plant carries a 35‑year concession and is expected to produce roughly 2.8 bln kWh a year. China Energy said the deal is the first instance of a China-backed African project financing being led exclusively by an international syndicate.