星期四, 29 5 月, 2025
Home PV News US $15m loan approved for solar photovoltaic project in Togo

US $15m loan approved for solar photovoltaic project in Togo

US $15m loan has been approved by the Abu Dhabi Fund for Development (ADFD) to fund the development of a solar project in Togo. Sani Yaya, the Togolese Minister of Economy and Finance affirmed the report and said the loan agreement was signed between the government and Managing Director of the ADFD.

The solar project dubbed Blitta photovoltaic solar power plant will be developed under a Public Private Partnership (PPP) by the UAE-based company Amea Power. Amea Power has already signed a 25-year power purchase agreement (PPA) with the Togo Electric Power Company.

Blitta photovoltaic solar power plant

Construction will take place in two phases. Phase one involves construction of construction of a solar photovoltaic power plant with a capacity of 30 MWp. It will be operational by June 2020. This will be followed by the second phase will be construction of an additional 20MWp plant.

Upon completion, the power plan is projected to supply electricity to 600,000 homes and 700 small and medium-sized enterprises (SMEs). The solar project is also supported by the West African Development Bank (BOAD) to a tune of US $11m and will require a total investment of US $34m.

In the recent years, an effort has been made for the electrification of major cities of the country, but the rural electrification is still challenging. Over 90% of Togolese urban households do not have access to clean cooking. The supply of butane gas channels are not sufficiently decentralized and the gas price and the purchase cost of user equipment significantly limit the access of the majority of the population to modern cooking fuel.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

BRICS Industrial Innovation Contest 2025 Energy Electronics Industry Track Tryout Officially Launches

On the afternoon of May 29, the press conference for the 2025 BRICS Industrial Innovation Contest Energy Electronics Industry Track Tryout (referred to as...

Aramco’s Renewable Energy Breakthrough: Flow Battery Powers Gas Production

Aramco has achieved a global milestone by commissioning a megawatt-scale renewable energy storage system, using an Iron-Vanadium (Fe/V) flow battery to power gas production...

Jinko unveils 520 kWh C&I battery storage system

Jinko ESS has unveiled its Dolphin 520 kWh commercial and industrial battery energy storage system (BESS), designed to address the complex power needs of...

Trina Storage Earns Sixth Consecutive BloombergNEF Tier 1 Ranking in Q2 2025

Trina Storage has been named as the Global Tier 1 Energy Storage Manufacturer in BloombergNEF (BNEF)'s Energy Storage Tier 1 List for Q2 2025....