AMEA Power signs agreements for 50-MW solar project in Ivory Coast
Dubai-based renewables company AMEA Power LLC has signed important agreements to realise a 50-MW solar PV project in Ivory Coast, the West African country’s first project to be implemented as an independent power producer (IPP) scheme.
On Monday the company announced the signing of a concession agreement and a 25-year power purchase agreement (PPA) with the Ivory Coast government, moving the project forward.
The total investment in the undertaking is estimated at around USD 60 million (EUR 55.3m). AMEA Power will fully develop the project under the build-own-operate and transfer model, it said.
The solar farm will be located in the city of Bondoukou in the north-eastern region of Gontougo. Once in operation, the power plant will produce more that 85 GWh per year, which would be enough to meet consumption needs of around 350,000 people, AMEA Power said.
Domestic electric utility company Compagnie Ivoirienne d’Electricite will off-take the output from the solar farm.
AMEA Power’s more recent work in the West Africa region include the announcement to expand a 50-MW solar farm in Togo with the addition of 20 MW of solar panels and a battery storage unit. The company is also finalising the construction of a solar project in Burkina Faso and developing another one in Mali, it added.
(USD 1.0 = EUR 0.922)
Published/Updated on 18/01/2023 @ 00:12