ACWA Power signs PPAs for 250MW of solar projects in Ethiopia

• 4 years ago (2019-12-24)
• David Flin

Africa 306 Solar 249

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Saudi Arabia’s ACWA Power has signed 20-year PPAs for two solar projects totalling 250MW with Ethiopia’s state-owned electricity producer Ethiopian Electric Power (EEP). The price agreed in the PPAs is $0.02526/kWh, the company said in a statement.

The two projects, each with a capacity of 125MW, were awarded to ACWA Power in the first round of Ethiopia’s solar programme, organised by the Public-Private Partnerships Directorate General (PPP-DG). They mark ACWA Power’s first venture in Ethiopia.

One solar power plant will be located in Dicheto, in the Afar region, and the other one in Gad, in the Somali region.

The Ethiopian Government is looking to lift the country’s electricity generation capacity to 17.3GW by the end of 2020 from its current 4.3GW.