Eranove
- Company typePrivate
- Founded1970
- HeadquartersParis, France
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Eranove does
Eranove is a privately held pan-African industrial platform headquartered in Puteaux (Paris La Défense), France, with operational headquarters in Abidjan, Côte d'Ivoire. The group operates regulated public-service concessions for drinking water distribution, electricity distribution and transmission, and wastewater sanitation across Côte d'Ivoire, Senegal, Mali, Gabon and, more recently, Benin, supplemented by independent power production (thermal combined-cycle and hydroelectric) under long-term power purchase agreements. It is majority-owned by Emerging Capital Partners (ECP) through ECP Power Water Holding, with employee shareholding at approximately 7.42%, and has an installed workforce of 9,600 across its subsidiaries.
The group's core products run through dedicated subsidiaries: SODECI (water distribution in Côte d'Ivoire), SDE (water distribution in Senegal), CIE (electricity distribution and transmission in Côte d'Ivoire, including six hydroelectric dams totalling 604 MW), CIPREL (thermal power production, the first independent power producer in West Africa), Atinkou (390 MW combined-cycle gas-steam plant under construction), Asokh Energy (73 MW hydro), Louetsi Energy (15 MW hydro), Kénié Énergie Renouvelable (56 MW hydro in Mali), Orélo (140,000 m³/day water treatment in Gabon), SDER (rural water in Senegal), OMILAYE (rural water in Benin), AWALE (fiber-optic over powerline, 2,289 km in Côte d'Ivoire), Smart Energy (energy efficiency services for industrial and commercial clients), GS2E (engineering and digital services), and Eranove Academy (training). Aggregate operated capacity is 1,600 MW and 372 million m³ of annual drinking water production, serving 2.2M water customers, 4.6M electricity customers, and 1.06M sanitation customers.
Eranove earns revenue primarily through regulated tariffs under 25-30 year concession contracts with host governments, with additional subscription-style revenue from IPP power sales under PPAs, sanitation service fees, and B2B energy efficiency and telecom service contracts. The GTM model is enterprise/government field sales: projects are originated by dedicated project directors who assemble financing consortia (IFC, BOAD, Proparco, BAD, Oragroup, ECP, FGIS), submitted to internal Commitment and Strategy Committees, and awarded through international competitive tenders. Operations are then run by locally recruited management teams. Triple QHSE certification (ISO 9001, ISO 14001, ISO 45001), ISO 19600 compliance certification for CIE, and ISO 26000 social responsibility ratings underpin institutional credibility with sovereigns and development finance institutions.
Eranove firmographics
Firmographics- Name
- Eranove
- Legal name
- Eranove
- Website
- https://eranove.com
- Company type
- Private
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Ownership category
- akta.pro rank
Eranove industry classification
Industry- Product category
- Public Utility Services (Water and Electricity)
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Utilities (22), Hydroelectric Power Generation (221111), Electric Power Generation (22111)
- SIC
- Electric, Gas & Sanitary Services (4900), Water Supply (4941), Electric Services (4911), Sanitary Services (4950), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Water Supply & Wastewater Utilities Administration (BPAIACAG)
- akta.pro secondary industries
- Investor-Owned Electric Distribution Utilities (IOUs) (EUADABAA), Hydro BOP Civil & Water Conveyance (Dams, Spillways, Penstocks, Canals) (EUAMAFAG), Hydro Balance-of-Plant EPC (Penstocks, Gates, Intake/Outfall, Auxiliaries) (EUAEADAH)
Keywords
Where Eranove is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices2 records
Markets served
Eranove business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales
Revenue model
- Public concession fees and service fees: Revenue generated through long-term concession agreements (25-30 years) with African governments for water distribution, electricity distribution, and public services management. Governments pay for services rendered under regulated tariff frameworks.
- Independent Power Production (IPP): Revenue from electricity generation through thermal (gas turbine, combined-cycle) and hydroelectric plants. Power is sold under power purchase agreements (PPAs) to national utilities or governments. Includes Atinkou (390 MW), CIPREL facilities, Louetsi Energy (15 MW), Asokh Energy (73 MW), and Kénié (56 MW).
- Water production and distribution: Drinking water production and distribution services through SODECI (Côte d'Ivoire), SDE (Senegal), and other subsidiaries. Generates 372 million m3 of drinking water annually for 2.2 million customers.
- Sanitation services: Wastewater and sanitation management services through SODECI serving 1.06 million sanitation customers in Côte d'Ivoire.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Government-regulated utility tariffs |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels4 records
Eranove product offering
Product offeringCore offering
Eranove develops, finances, constructs, and operates critical public utility infrastructure under long-term concession agreements (25-30 years) with African governments, producing and distributing drinking water, generating electricity through combined-cycle gas and hydroelectric plants, and providing sanitation services to millions of residential, commercial and industrial customers across West and Central Africa. The group also operates complementary fiber-optic-over-powerline telecom services (AWALE) and energy efficiency/self-generation solutions (Smart Energy), supported by an in-house training academy.
Product overview
Eranove is a Pan-African industrial platform managing public services and producing water and electricity. The group operates through multiple subsidiaries across Africa including SODECI (water distribution in Ivory Coast), CIE (electricity distribution in Ivory Coast), CIPREL (thermal electricity production in Ivory Coast), SDE (water distribution in Senegal), and various power generation projects including hydroelectric plants (Asokh Energy 73MW, Louetsi Energy 15MW, Kénié 56MW) and thermal plants (Atinkou 390MW combined cycle). The group also offers energy efficiency services through Smart Energy, telecommunications via AWALE, and training through Eranove Academy. The portfolio includes water and sanitation services, electricity generation and distribution, serving millions of residential customers and large-scale industrial operations.
Differentiator
Problem solved
Functional benefit
Brands
- Eranove Academy: Training subsidiary focused on developing human capital in water and electricity sectors across Africa
- Smart Energy
- GS2E
Products and services
- SODECI (Société de Distribution d'Eau de Côte d'Ivoire) Regulated drinking water distribution concession in Côte d'Ivoire, serving over 2.2 million customers with 372 million m3 of drinking water produced annually across the group, plus wastewater and sanitation services for 1.06 million customers.
- CIE (Compagnie Ivoirienne d'Électricité) Regulated electricity distribution and transmission concession in Côte d'Ivoire, serving over 4.6 million electricity customers and operating six hydroelectric dams with 604 MW of capacity.
- CIPREL (Compagnie Ivoirienne de Production d'Électricité) Independent power producer operating combined-cycle gas-steam and thermal power plants in Côte d'Ivoire, historically the first IPP in West Africa, with 96%+ availability rates.
- SDE (Sénégalaise des Eaux) Regulated water distribution concession in Senegal, with integrated operations management and a customer complaint platform (Cockpit).
- AWALE Telecommunications and clean energy company providing high-speed data transfer via electricity network (fiber optic) with over 2,289 km installed in Abidjan and inland towns in Côte d'Ivoire.
- Smart Energy Energy efficiency and self-generation subsidiary offering diagnostic studies, audits, and implementation of energy performance measures (LED lighting, air curtains, energy management systems) for industrial and commercial customers in West Africa.
- Atinkou (CIPREL V) 390 MW combined-cycle gas-vapor power plant located in Jacqueville, Côte d'Ivoire; co-financed with €404 million from IFC and the State of Côte d'Ivoire.
- Asokh Energy 73 MW hydroelectric power plant on the Komo river at Ngoulmendjim, Gabon, supplying power to Libreville.
- Louetsi Energy 15 MW run-of-river hydroelectric power plant on the Louetsi river at Dibwangui, Gabon, for powering the southwest of the country.
- Kénié Énergie Renouvelable 56 MW hydroelectric dam at Baguinéda on the Niger River, 35 km east of Bamako, Mali, operating under a 30-year concession.
- Orélo Water Treatment Plant Drinking water treatment and supply plant in the Komo-Kango department of Gabon with 140,000 m3 per day production capacity.
- KEKELI Efficient Power Thermal power plant project in Togo focused on efficient power generation.
- OMILAYE Subsidiary dedicated to production, distribution and marketing of drinking water in rural areas in Benin; Kouamé Aimé Loukou appointed Managing Director in October 2025.
- Eranove Academy Training and skills development academy for water and electricity sector professionals, part of the Group's effort to develop African expertise (193,767+ hours of training delivered).
- Sahofika Hydropower project in Madagascar.
- Moyi Power Power generation subsidiary of the Eranove group.
- SDER (Sénégalaise des Eaux Rurales) Subsidiary focused on rural water production and distribution in Senegal.
Quantifiable outcome
- 96%+ availability rates at CIPREL power plants over multiple years
- +4 more outcomes
Companies that use Eranove
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
Eranove technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature5 records
Eranove partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Fonds Gabonais d'Investissements Stratégiques (FGIS)coreFGIS is the exclusive manager of Gabon's Sovereign Fund and strategic partner for hydroelectric and water projects in Gabon. Eranove and FGIS co-developed Asokh Energy (73 MW), Louetsi Energy (15 MW), and Orélo water plant (140,000 m3/day) through joint venture structures. FGIS was awarded Best Investment Fund in Africa by EMEA Finance in 2017.
- AFNOR CertificationminorFrench certification organization that conducts regular audits for renewal of Eranove's QHSE certifications (ISO 9001, ISO 14001, OHSAS 18001) across all operational companies.
Scale indicators13 records
Recent moves6 records
Expansion highlights6 records
Eranove competitors and assessment
Company assessmentDirect peers
- Globeleq: UK-based power platform focused on IPP development and operation across sub-Saharan Africa. Direct comparable as a multi-country African power producer and operator targeting similar utility-scale generation concessions.
- Lekela Power: Pan-African renewable energy IPP backed by Actis and Mainstream Renewable Power, operating wind and solar assets across Egypt, South Africa, Senegal, and Ghana. Comparable as a developer-operator of utility-scale African generation assets targeting similar government offtakers.
Broad incumbents
- Veolia Africa Infrastructure: Global environmental services and water utility operator with significant African water and electricity concessions. Comparable as a multi-country operator of regulated municipal water and energy services, though on a much larger scale and global footprint.
- Suez Africa: Global water and waste management group with concessions across North and Sub-Saharan Africa. Comparable for water production/distribution concession model and B2G customer base, though Suez is a broader global incumbent with diversified waste services.
- ENGIE Africa: French multinational utility with significant African generation and distribution operations, including renewables and thermal. Comparable as a francophone-aligned energy operator with multi-country IPP and concession presence in Africa.
- EDF (Électricité de France): French state-owned utility with selective African operations including generation and consulting. Comparable as a francophone-aligned IPP player in West Africa, though much larger and globally diversified beyond Eranove's narrower regional focus.
Emerging players
- Scatec ASA: Norwegian renewable IPP with growing African portfolio of solar and storage projects. Comparable for utility-scale generation in emerging markets and reliance on sovereign/DFI financing, though focused exclusively on renewables versus Eranove's mixed portfolio.
Others
- Actis Energy: Global infrastructure PE firm with multi-billion-dollar energy investments across Africa (including the Lekela platform). Comparable as a capital partner/owner of African energy assets and shares ECP's PE-driven infrastructure investment thesis in emerging markets.
Regional players
- ENEO Cameroon: Actis-owned integrated electricity utility operating generation, transmission, and distribution in Cameroon. Comparable as a privatized African distribution concession model serving millions of customers, though focused on Central Africa rather than West Africa.
- KenGen: Kenya's leading electric power generation company with diversified hydro, geothermal, thermal, and wind portfolio. Comparable as an African IPP with a mixed renewable/thermal generation mix and government off-take structure, though operating in East Africa rather than West Africa.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Eranove social profiles
Digital presenceEranove compliance and trust
Trust signalCompliance7 records
Eranove financial estimates
Financial estimateRevenue estimate
Valuation estimate
Eranove leadership team
Management profileNumber of profiles
Profiles12 records
Eranove subsidiaries and ownership
Company hierarchySubsidiaries18 records
Eranove funding detail
Funding detailFunding overview
Funding rounds2 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Eranove M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Eranove
What does Eranove do?
Eranove develops, finances, constructs, and operates critical public utility infrastructure under long-term concession agreements (25-30 years) with African governments, producing and distributing drinking water, generating electricity through combined-cycle gas and hydroelectric plants, and providing sanitation services to millions of residential, commercial and industrial customers across West and Central Africa. The group also operates complementary fiber-optic-over-powerline telecom services (AWALE) and energy efficiency/self-generation solutions (Smart Energy), supported by an in-house training academy.
Is Eranove a public or private company?
Eranove is a private company. It is classified as private equity controlled and is currently operating.
When was Eranove founded?
Eranove was founded in 1970. It employs 5,001 to 10,000 people.
Where is Eranove based?
Eranove is headquartered in Paris, France, in the Europe region.
How does Eranove make money?
Four revenue lines are on record. Public concession fees and service fees are the primary driver. The others are independent Power Production (IPP), water production and distribution and sanitation services.
Who are Eranove's main competitors?
Direct peers on record are Globeleq and Lekela Power. Broad incumbents are Veolia Africa Infrastructure, Suez Africa, ENGIE Africa and EDF (Électricité de France). Scatec ASA is listed as an emerging player. Actis Energy is listed as an others. Regional players are ENEO Cameroon and KenGen.
Does Eranove have an API?
No public API is recorded for Eranove.
What industry is Eranove in?
Eranove's product category is Public Utility Services (Water and Electricity). Its primary akta.pro industry code is BPAIACAG, Water Supply & Wastewater Utilities Administration, with a secondary code of EUADABAA, Investor-Owned Electric Distribution Utilities (IOUs). Its NAICS code is 2211 and its SIC code is 4900.