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Friday, 10 July 2015

Scatec Solar to build first large scale solar plant in West Africa

An historic agreement to Build-Own-and Operate West Africa’s first utility-scale solar power plant was signed here today by Norwegian company Scatec Solar and its partners, the Malian Ministry of Energy and Water and Electricit√© du Mali (EDM), the electricity utility of Mali. To be located near the ancient city of Segou in South-East Mali, 240 kms from Bamako, the 33 MW solar project is being developed in partnership with IFC InfraVentures and the local developer Africa Power 1.
 
Power plant construction Rwanda
Speaking on the occasion, the Malian Minister of Energy and Water, Mr. Mamadou Frankaly Keita said “This landmark agreement signals the Government’s commitment to meet the nation's growing energy demand and to provide clean, renewable and affordable energy to our people”.

Today’s agreements include a Power Purchase Agreement (PPA) between EDM and Segou Solaire SA, the local project company controlled by Scatec Solar, for the delivery of solar power over the next 25 years. The PPA with the utility is complemented by a Concession Contract  with the Government of Mali, granting license to Segou Solaire to operate.

With this PPA, Scatec strengthens its position as the leading, integrated solar IPP (Independent Power Producer) in Africa.  The Oslo-headquartered company’s CEO Raymond Carlsen says “This project is another great milestone for Scatec Solar. After several years of development efforts in the region, we can now move forward with the first utility-scale solar plant in West Africa. The Malian Authorities have demonstrated decisive will to tackle the nagging issue of power supply.”


Scatec Solar (‘SSO) will own 50 percent of the power plant and World Bank’s project development fund, IFC InfraVentures will hold 32.5 percent, while the local project development company, Africa Power 1, headed by Dr Ibrahim Togola, will hold 17.5 percent. Scatec Solar will construct the plant, and in addition provide operation and maintenance services after the plant is connected to the grid.

“One of the pillars of the World Bank’s Country Assistance Strategy for Mali is to increase access to energy, a development fundamental. IFC InfraVentures’ partnership with Scatec Solar and Africa Power 1 helps advance this strategy through Scatec Segou, part of a series of renewable energy projects we are developing in the country,” said Alain Ebobisse, Global Head of IFC InfraVentures.

2 comments:

  1. Scatec Solar ASA (SSO) will own 50% of the power plant, while IFC InfraVentures, a subsidiary of the World Bank, would own 32.5 percent and Africa Power 1, led by Mr. Ibrahim Togola, will own 17.5 percent. After the plant is connected to the grid, Scatec Solar will construct it as well as provide operation and maintenance services.

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  2. With more intentions to get back to your blog, i was annoyed last week when i didn't even got time to read anything over internet.

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