Acwa Power wins 250MW solar energy deal in Ethiopia

MEED    30 September 2019 (Last Updated September 30th, 2019 16:43)

Saudi developer wins a deal to develop two solar projects in East African country.

Acwa Power wins 250MW solar energy deal in Ethiopia

Saudi Arabia’s Acwa Power has been awarded a contract to develop two photovoltaic (PV) solar projects with a total capacity of 250MW in Ethiopia.

Solar power in Ethiopia

Ethiopia’s public-private partnership (PPP) board, in conjunction with the country’s Finance Ministry, has approved Acwa Power’s tariff of $2.5 cents per kilowatt-hour to develop the Gad and Dicheto solar independent power producer (IPP) projects at sites in the Somali and Afar regions respectively.

Acwa Power saw off competition from four other bidders to win the deal. The PPP body had prequalified 12 developers to participate in the tender.

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