We show you our most important and recent visitors news details ACWA Power to drive solar energy development in Ethiopia in the following articleHind Al Soulia - Riyadh - ADDIS ABABA — ACWA Power, a leading international developer and operator of power generation and water desalination projects, signed two long-term power purchase agreements (PPA) with Ethiopia’s state-owned electricity producer Ethiopian Electric Power (EEP) for two 125 MWac solar photovoltaic (PV) projects at USD 2.526 cents/kWh over 20 years. We are proud to be working with ACWA Power on the lowest-tariff project in Africa. Our strategy to provide low tariffs not only cements ACWA Power as the partner of choice, but is a reinforcement of our ability to help sustain the nation’s positive economic growth and improve living standards by providing safe and affordable access to electricity”, Rajit Nanda, Chief Investment Officer of ACWA Power, concluded. ACWA Power was selected as the winning bid out of 12 pre-qualified bidders. While these solar projects will be ACWA Power’s first venture in Ethiopia, the company already operates in Africa with solar and wind assets in Morocco, South Africa and Egypt, fuelling the power needs of respective communities.

Source: Ethiopian News December 22, 2019 16:18 UTC