A power purchase agreement (PPA) has been concluded between the Chadian government and InfraCo Africa. The British company will build a 60 MW solar power plant in Djermaya, a town located some 40 kilometres from the capital, N'Djamena.
InfraCo Africa signed a power purchase agreement (PPA) with the Chadian Ministry of Energy and the National Electricity Corporation (SNE) on August 9, 2018; a 25-year contract, during which InfraCo will develop and sell solar energy to Chad.
The energy will be produced from the solar power plant in Djermaya, a locality located some forty kilometres from the capital N’Djamena. The plant will be built in two phases of 32 MW and 28 MW to enable the Chadian national electricity grid to gradually integrate the new renewable energy capacity. The plant will be built by Aldwych Africa Development Limited on behalf of InfraCo and its partner, Smart Energies which is a French company, which finances, builds and operates renewable energy production sites worldwide, with a turnover of 15 million euros in 2017.
Almost 9.65 million euros in financing for the Djermaya Solar project
InfraCo Africa, a member of the Private Infrastructure Development Group (PIDG), committed $3 million for the development of the Djermaya power plant and received $800,000 in grants from the Technical Assistance Facility (TAF), the PIDG’s subsidiary company. 6.35 million from the EU-Africa Infrastructure Trust Fund (FFUEAI) will build a power line and substation and complete other works necessary to connect the plant to the national grid. The African Development Bank (AfDB) has been mandated to oversee the mobilisation of the necessary funds for the implementation of this project, whose completion of the first phase is scheduled for 2020.
“We look forward to working with our partners to expand renewable energy borders in Chad. InfraCo Africa is the only company that can finance the initial stages of the development of high-risk projects. By working with our sister companies of the PIDG, Djermaya Solar demonstrates its commitment to investing in difficult markets, both in this region and across West Africa.” Said Kodjo Afidegnon, Director of Business Development in West Africa for InfraCo Africa.
Boris Ngounou
