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May 30, 2022

Savannah Energy to build renewable energy projects in Chad

The company will fund the projects using its own internally generated cashflows and project-specific debt.

British energy firm Savannah Energy has signed an agreement with Chad’s Ministry of Petroleum and Energy to build up to 500MW of renewable energy capacity in Chad.

The company initially plans to build a 300MW solar farm and battery energy storage system (BESS) facility, called Centrale Solaire de Komé, in Komé.

Clean energy generated by the facility will be delivered to Doba Oil Project, as well as the surrounding towns of Moundou and Doba in southern Chad and the country’s capital city, N’Djamena.

Approval for the project is anticipated to be given next year, with the first power expected to be generated in 2025.

Savannah Energy will also develop solar and wind farms, each with 100MW of capacity, to supply electricity to N’Djamena.

With up to 200MW of capacity, the second project is expected to increase the existing installed generation capacity that is supplied to the city, as well as increase Chad’s total power generation capacity by 63%.

The project is expected to be approved next year or in 2024, with the first power planned to be generated by 2026.

To fund the projects, Savannah Energy plans to use a combination of its own internally generated cash flows and project-specific debt.

Savannah Energy CEO Andrew Knott said: “I am delighted to announce the Centrale Solaire de Komé and the Centrales d’Energie Renouvelable de N’Djamena projects.

“Both of these represent a major vote of confidence in Chad by Savannah and have the potential to contribute to a transformative change in the country’s GDP over the course of the coming years, as well as bringing the significant quality of life benefits associated with access to regularised power to the regions in which the Projects are situated.

“The projects represent one of the largest ever foreign direct investments in Chad and are believed to be the largest ever by a British company.”

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