Dec 21 , 2019
ACWA Power, a Saudi Arabian power company, signed a 20-year power purchase agreement (PPA) with Ethiopian Electric Power on December 19, 2019. The agreement was made for two 125MW solar photovoltaic (PV) projects in Afar and Somali regional states. ACWA will sell the power at 0.0252 dollars a kilowatt-hour from Gad Solar Project in the Afar Regional State and 0.0259 dollars a kilowatt-hour from Dicheto Solar Project in Somali Regional State. With a combined capacity of 250MW, the PV projects are estimated to power 750,000 homes in Ethiopia and offset 320,000tn of carbon dioxide a year. ACWA Power was selected as the winner of the project out of 12 pre-qualified bidders.
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