ACWA Power Wins Bid to Power Two Plants in Ethiopia.
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ACWA Power, an international developer and operator of power generation and water desalination projects, has been awarded two 125 MW solar photovoltaic (PV) projects by the Public-Private Partnership Directorate General (PPP-DG) of the Ethiopian Ministry of Finance.
ACWA Power was selected as the winning bid out of 12 pre-qualified bidders.
While these solar projects will be ACWA Power’s first venture in Ethiopia, the company already operates in Africa with solar assets in Morocco, South Africa and Egypt, fuelling the power needs of respective communities.
ACWA Power won the bid for the plants during the first round of Ethiopia’s solar programme. The entities will proceed to sign a long-term power purchase agreement for the projects at $2.52 cents/kWh over a time span of 20 years before the end of 2019.
With a combined capacity of 250 MW, the projects will contribute in addressing the current energy shortfall, as well as diversifying the energy mix in Ethiopia, where the Government is currently working to increase the electricity generation capacity of the country from 4,300 MW today to 17,300 MW by 2020.
The two solar PV projects that were tendered in April 2019 are estimated to power 750,000 homes and offset 320,000 tonnes of carbon dioxide per year.The plants will be located in Dicheto, in the Afar region, and in Gad, in the Somali region of the country.
