Gabon Inks Framework Investment Agreement For Mouila Solar Project – EQ Mag Pro
The government of Gabon has inked a framework investment agreement with Desiba Energy for the development of the Mouila solar power plant in Ngounié Province.
The agreement was inked by Carmen Ndaot, the Minister of Investment Promotion in Gabon, in place of Alain Claude Bilie-By-Nze, his counterpart in charge of Energy and Hydraulic Resources, and the CEO and managing director of Desiba.
The Mouila solar power plant project is under Emerging Gabon Strategic Plan (PSGE), which was established by President Ali Bongo Ondimba, and whose objective is to develop abundant, competitive, sustainable, and accessible energy to all. It is also a part of the Transformation Acceleration Plan (PAT) that intends to increase energy production capacities to 250 MW by 2023.
Power purchase agreement
The energy project that has been in the pipeline for over two years involves construction of a 20MW solar plant at a cost of US $31.7M. 75% of its production will be injected into the country’s national grid for a kilowatt purchase price of US$ 0.17.
It is expected to take a period of 12 months from the day it breaks grounds.This purchase will be based on a power purchase agreement signed between the Turkish company and Societe d’Energie et d’Eau du Gabon’ (SEEG) or rather Gabon Energy and Water Company back in February this year.
According to Carmen Ndaot, the Mouila solar power plant will promote both population access to electricity and job creation because economic operators in Gabon will be able to develop industrial and economic activities.
Source: pumps-africa
