The Ministry of Finance approved the financial offer placed by a Saudi Arabian energy company to generate and sell solar power to the government from two farms in Somali and Afar regional states. The Public-Private Partnership (PPP) Board under the Ministry announced ACWA as the winner of the project to generate 250MW of power from Gad and Dicheto solar projects. ACWA offered 0.0252 dollars a kilowatt-hour for Gad and 0.0259 dollars a kilowatt-hour for Dicheto. The projects, which will cost 300 million dollars, are expected to be completed within 18 months. After generating solar power, ACWA will sell it to the Ethiopian Electric Power. Gad is located 40Km from Dire Dawa in Somali Regional State, while Dicheto is found 90Km from the town of Semera, close to the border with Djibouti in Afar Regional State.
Loading your updates...