#3 - CIE (Compagnie Ivoirienne d'Electricité)
February 2017 update
CIE is a subsidiary of the Eranove Group, a West African leader in public service management, electricity and potable water production. It provides 1.2 million customers in Ivory Coast with electricity on a daily basis. First established in 1990, it is the private operator of electricity supply across the country. It operates under a leasing contract with the government of Ivory Coast. The contract is bound by a concession agreement lease that has been renewed in 2005 for an additional 15 years. In 2013, CIE was given an AA long term financial rating by Bloomfield International Agency for its growth potential and financial management.
CIE's areas of focus include:
• Operation and maintenance of electricity production power plants, the assets belonging to the State of Ivory Coast (704 MW)
• Electricity dispatching, transmission and distribution: CIE operates and maintains the assets of the State of Ivory Coast
• Commercialization: CIE handles the relatinships with consumers throughout the territory (1.3 million customers)
• Public Lightening (414 000 lamps)
• Management of electricity export contracts in Ivory Coast (ongoing contracts with Ghana, Togo, Benin, Burkina Faso, Mali) and import (879 GWh)
The managerial policy of CIE takes into account the African socio-cultural environment and the ever-changing markets and demands of the public. Budget management, information technology and anti-fraudulent steps are just several ways CIE is buildings its success from the inside out.
Financial data (annual report 2015):
• 500 367 (profits in millions of FCFA)
• 8 220 (net result in millions of FCFA)