- Construction is set to begin on a 30 MW solar PV plant near the town of Pâ, in Burkina Faso.
- The off taker is the country’s national power utility – La Société National D’électricité Du Burkina Faso (Sonabel).
- Urbasolar was selected as the developer and operator following a competitive tender process run by Sonabel.
- Construction of the plant scheduled to be completed within 18 months.
Emerging Africa Infrastructure Fund (EAIF) has provided 80% of the project. Urbasolar is providing the remaining 20% of the project’s capital.
Related news: Solar panel factory in Burkina Faso begins production
EAIF’s managers Ninety One investment director Paromita Chatterjee said “This project is a perfect example of how EAIF’s public-private partnership (PPP) model can have lasting economic, social and environmental impacts, while mobilising private capital and enterprise to create new infrastructure.”
Related news: EIB Provides EUR 38.5 million to Expand Solar Plant to 50MW
Author: Bryan Groenendaal
Source: EAIF
