Amea Power is nearing the financial close of its Kairouan solar project in Tunisia. The independent power producer (IPP) based in Dubai in the United Arab Emirates (UAE) has just received two loans from the African Development Bank (AfDB), i.e. a first installment of DKK 27 million. dollars and another of 10 millionEuro. Of this credit, $17 million is provided by the Sustainable Energy Fund for Africa (Sefa), a multi-donor fund managed by the AfDB.
The future solar plant from Kairouan will have a capacity of 100 MWp, i.e. an expected annual output of 223,171 MWh. Amea Power estimates that its clean energy plant should allow Tunisia to avoid 113,525 tons of CO emissions2 on an annual basis. In accordance with the spirit of this type of public-private partnership (PPP) project, the electricity produced will be sold to the Tunisian Electricity and Gas Company (Steg).
A ground-breaking project?
Amea Power was awarded this concession under an international tender program launched by the Tunisian Ministry of Industry and SMEs (Small and Medium Enterprises) in 2018. IPP responded to the tender offers in consortium with the Chinese company Xinjiang New Energy. The two partners planned to start work in late 2022. The plant will be operated by the specialist company “Kairouan Solar Plant”.
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“The 100 MWp solar project in Kairouan will not only be a pioneer for other independent solar and wind energy projects, but also a reference for the viability of renewable energy projects in the country, as it is underlined by solid and durable agreements, negotiated over the last three years under extremely burdensome market conditions”explains Kevin Kariuki, AfDB vice-president with responsibility for electricity, energy, climate and green growth.
In addition to the AfDB, the Kairouan solar power plant will be financed by the Clean Technology Fund (FTC) and the International Finance Corporation (IFC), the subsidiary of the World Bank Group responsible for financing the private sector. The total cost of the project is estimated at $100 million.
Jean Marie Takouleu