Saudi ACWA Power wins two solar projects in Ethiopia’s PPP programme

These solar projects will be ACWA Power's first venture in Ethiopia

  
Image used for illustrative purpose. ACWA Power’s three Solar PV projects for 165.5MWp under Round 2 of Egypt FiT program II reach financial close.

Image used for illustrative purpose. ACWA Power’s three Solar PV projects for 165.5MWp under Round 2 of Egypt FiT program II reach financial close.

ACWA Power/Handout via Thomson Reuters Zawya

Riyadh – Mubasher: ACWA Power, a leading international developer and operator of power generation and water desalination projects, has been awarded two 125 megawatts (MW) solar photovoltaic (PV) projects by the Public Private Partnership Directorate General (PPP-DG) of the Ethiopian Ministry of Finance, according to ACWA Power’s statement on Monday.

The Saudi-based company won the bid for the plants during the first round of Ethiopia’s solar programme organised under the new PPP law.

“It is a remarkable achievement to have been selected to deliver these projects, the first to be tendered under the new public-private partnership framework in Ethiopia. We welcome the opportunity to help the country realise its incredible renewable resource potential and deliver significant economic, social and environmental value,” Paddy Padmanathan, CEO of ACWA Power, commented.

The two projects, tendered in April 2019, are expected to power 750,000 homes and offset 320,000 tonnes of carbon dioxide per year.

Moreover, they will be located in Dicheto, in the Afar region, and in Gad, in the Somali region of the country.

These solar projects will be ACWA Power’s first venture in Ethiopia.

ACWA Power already operates in Africa with solar assets in Morocco, South Africa and Egypt, fuelling the power needs of respective communities.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Energy