Gabon Inks Framework Investment Agreement For Mouila Solar Project – EQ Mag Pro

now viewing

Gabon Inks Framework Investment Agreement For Mouila Solar Project – EQ Mag Pro

August 28, 2021 Anand Gupta

Small solar power firms eclipsed in India’s renewable energy race

now playing

Madhav Infra Projects bags INR 330 Crore solar project in Surat - EQ

August 28, 2021 Anand Gupta

now playing

Sungrow Celebrates Ten Years of Significant Milestones in the Indian Market - EQ

August 28, 2021 Anand Gupta

NHPC to form joint venture with JKSPDCL to set up 850-MW Ratle hydropower project in J&K

now playing

Nepal Aims to Export 10,000 MW Hydropower to India in Next Decade to Promote Renewable Energy - EQ

August 28, 2021 Anand Gupta

multibagger-ireda-shares-climb-5-on-signing-green-power-co-finance-deal-with-indian-overseas-bank

now playing

IREDA stresses innovative financing solutions for India’s transition to renewable energy - EQ

August 28, 2021 Anand Gupta

Mahindra Group and Ontario Teachers’ Co-Sponsor India’s Largest Renewable Energy Listed InvIT with Offer Size of ₹2262.8 Crore ( $273 Mn)

now playing

G7 falling short of renewable energy capacity tripling goal: Think-tank - EQ

August 28, 2021 Anand Gupta

RERC (Terms and Conditions for Determination of Tariff) (First Amendment) Regulations, 2019

now playing

India expects annual power output to grow at fastest in over a decade - EQ

August 28, 2021 Anand Gupta

AP bets on renewable energy to meet goals

now playing

'At least $12 trn needed for tripling renewable energy capacity by 2030' - EQ

August 28, 2021 Anand Gupta

49056-002: Pakistan: Access to Clean Energy Investment Program

now playing

CESC acquires company engaged in 300 MW solar park under construction in Rajasthan - EQ

August 28, 2021 Anand Gupta

Order- Seeking for the Condonation of Delay of 273 days in filing the Appeal as against the Impugned Order by CERC

now playing

Petition for seeking declaration of change in law event and consequent relief on account of increase in compensation for acquisition of land for Jhajjar Power Limited’s - EQ

August 28, 2021 Anand Gupta

now playing

Petition of Central Electricity Regulatory Commission (Connectivity and General Network Access to the Inter-State Transmission System) Regulations - Reliance Industries Limited (RIL) - EQ

August 28, 2021 Anand Gupta

The government of Gabon has inked a framework investment agreement with Desiba Energy for the development of the Mouila solar power plant in Ngounié Province.

The agreement was inked by Carmen Ndaot, the Minister of Investment Promotion in Gabon, in place of Alain Claude Bilie-By-Nze, his counterpart in charge of Energy and Hydraulic Resources, and the CEO and managing director of Desiba.

The Mouila solar power plant project is under Emerging Gabon Strategic Plan (PSGE), which was established by President Ali Bongo Ondimba, and whose objective is to develop abundant, competitive, sustainable, and accessible energy to all. It is also a part of the Transformation Acceleration Plan (PAT) that intends to increase energy production capacities to 250 MW by 2023.

Power purchase agreement

The energy project that has been in the pipeline for over two years involves construction of a 20MW solar plant at a cost of US $31.7M. 75% of its production will be injected into the country’s national grid for a kilowatt purchase price of US$ 0.17.

It is expected to take a period of 12 months from the day it breaks grounds.This purchase will be based on a power purchase agreement signed between the Turkish company and Societe d’Energie et d’Eau du Gabon’ (SEEG) or rather Gabon Energy and Water Company back in February this year.

According to Carmen Ndaot, the Mouila solar power plant will promote both population access to electricity and job creation because economic operators in Gabon will be able to develop industrial and economic activities.