Neoen inks PPA for a 54 MW solar PV plant in Zambia

Neoen, ZESCO signed the PPA for a 54 MW solar PV plant
Neoen, ZESCO signed the PPA for a 54 MW solar PV plant

Neoen (Paris, France) on March 3rd, 2017 signed a 25 years PPA (Power Purchase Agreement) with ZESCO (the Zambian national utility), for a 54 MW solar photovoltaic (PV) plant.

 

Solar power for USD 0.06 per kWh

This project was awarded to the consortium comprised of Neoen and First Solar at the historically low price of USD 0.06 per kWh of solar power in the framework of the Scaling Solar program.

Scaling Solar was developed by the World Bank Group (IFC) and its roll-out took place in Zambia following his Excellency the Zambian President Edgar Chagwa Lungu’s initiative in 2015.

The PV plant, representing an investment of USD 60 million, will be built and operated in partnership with the Industrial Development Corporation (IDC), the Zambian public investment fund, and will be the first utility-scale photovoltaic power plant in the country.

 

2017-03-16 | Courtesy:  Neoen | solarserver.com © Heindl Server GmbH

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