The statemeent in the group's website reads, "the overwhelming response from the Solar Industry has encouraged Expogroup to launch "SOLAR AFRICA" and after successful editions in Kenya and Tanzania Solar Africa is all set to step in the Ethiopian Market. The statemeent too said "the region offers tremendous opportunities to suppliers worldwide, having among the strongest solar resources in the world. In particular, the region offers excellent potential for concentrated solar power (CSP) and concentrated photovoltaic (CPV) systems".
Solar Africa in Ethiopia will be held concurrently with Power & Energy Africa from 24 - 26 February 2020.
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An agreement has been signed to construct two solar power plants in the Afar and Somali region. According to the press release which issued at the Hilton Hotel in December 19/2019. The accord has signed between the Ministry of Finance, Ethiopian Electric Power and ACWA Power Company.
Teshome Tafese (PhD), State Minister of Finance announced that the two solar power projects will be built at Gad, in the Somali Regional State and the second project will erect at Dechoto, in the Afar Regional State.
The state Minister, also pointed out that, the two solar projects have an installed capacity of generating 250 MW, each having a capacity of 125 MW of power worthing USD 300 million for construction.
According to Dr. Teshome, the agreement will play a significant role engaging the private sector in the energy development thereby bouncing the energy sector and alleviating the government’s debt burden.
The Saudi Arabian power company that just one month ago won a contract to develop two solar farms, which will have 250MW in combined capacity, has already commenced mobilizing for the project. ACWA Power, which will develop a power plant with its own 300 million dollars in financing, started clearing the two sites and hiring employees that will engage in the development of the projects. One of the projects, Gad, is located 40Km from Dire Dawa in Somali Regional State, while the other project, Dicheto, is found 90Km from the town of Semera, close to the border with Djibouti in Afar Regional State.
The agreement for the two projects was signed early last week between Ahmed Shide, minister of Finance and the chairperson of the Private Public Partnership (PPP) Board, and Paddy Padmanathan, CEO and President of ACWA. Ethiopian Electric Power has also joined the two parties in signing the contractual agreement that will last for 15 to 20 years. The Saudi Arabian firm will develop the two solar farms on the land provided by the government of Ethiopia. The company won the bid after vying with four other companies that made it into the screening stage. Initially, a total of 12 pre-qualified prospective bidders took part in the bidding process after being shortlisted by the board of the PPP directorate.
A Saudi Arabian energy company , ACWA Power is ahead of the competition in a bid to win a deal with the Ethiopian government to build an industrial scale solar park, which will be the first of its kind for the country. If awarded, the company will bring in its own financing to build solar power plant in two locations, each generating 125MW of power that will be sold to Ethiopian electric power, EEP.
ACWA Power placed its financial offer of 0.025 dolars a kilowatt-hour on Friday, September 5, 2019, through the independent power purchase agreement framework. Four other international power companies bidding against ACWA Power were excluded due to non-compliance with the requirement. On Tuesday, they were issued letters of notice by the public private partnership directorate, under the ministry of finance.