Will a solar power plant save money in Chad?

The solar photovoltaic plant at Djermaya, 30km north of N’Djamena, the capital, “will be the first utility-scale renewable energy project and will be the first privately owned, financed and managed power plant in Chad. It will generate significant savings for the country,” Pacquement explains.

Does Chad have a solar plant?

In Chad only 1 in 20 people have electricity. But the Central African country has lots of sun. A UK company is developing the first solar plant in one of the world’s poorest places. Robert Pacquement and the Djermaya Solar development team do not shy away from a challenge.

How does Chad generate electricity?

Chad currently generates electricity by consuming oil. With the declining cost of new solar generation plants, the Government of Chad and development partners have prioritized solar power throughout the country. Machinery and parts for electricity transmission and distribution are also in demand. Opportunities

How did Power Africa help Djermaya solar project in Chad?

In Chad, Power Africa transaction advisory and technical assistance helped secure a $20.6 million (€18 million) loan to bring the 42 MW Djermaya Solar project to financial close.

What is Djermaya solar project?

This project will construct an initial 34MWp solar PV plant in Djermaya, 30km north of Chad’s capital, N’Djamena. Development of Djermaya Solar will be phased to gradually integrate renewable power into Chad’s national grid. The first 34MWp phase secured financing in 2021. Construction start is planned for 2022 and operations for 2023.

Who is investing in Djermaya solar?

InfraCo Africa, a privately managed company backed by public funds from the UK, Switzerland and the Netherlands that’s part of the Private Infrastructure Development Group, will invest up to US$3 million into Djermaya Solar and, through its developer Aldwych Africa, provide the resource and expertise needed to develop this pioneering project.