We are proud to be working with ACWA Power on the lowest-tariff project in Africa. The new plants will be located in Dicheto, in the Afar region, and in Gad, in the Somali region of the country,” said Paddy Padmanathan, President & CEO of ACWA Power. 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,” said Rajit Nanda, Chief Investment Officer of ACWA Power. 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 23, 2019 06:56 UTC