ACWA Power signs PPAs for 250 MW of solar projects in EthiopiaDecember 23 (Renewables Now) - Saudi Arabia's ACWA Power has signed 20-year power purchase agreements (PPAs) for two solar projects totalling 250 MW with Ethiopia's state-owned electricity producer Ethiopian Electric Power (EEP). The price agreed in the PPAs is USD 0.02526 (EUR 0.02295)/kWh, the company said in a statement on Sunday. The two projects, each with a capacity of 125 MW, were awarded to ACWA Power in the first round of the country's solar programme, organised by the Public-Private Partnerships Directorate General (PPP-DG). The first solar 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 17.3 GW by 2020 from 4.3 GW currently.

Source: Ethiopian News December 23, 2019 13:41 UTC