- The Malian government has revised and approved two solar projects; one 50MW plant in Fana and the other, a 33MW plant in the Ségou circle.
- The off-taker in both cases is state owned energy utility, Énergie du Mali (EDM-SA).
The Malian Ministry of Economy and Finance has revised and given the green light to construct two solar photovoltaic plants. This was announced at the Council of Ministers meeting held on Wednesday March 31stin Bamako.
Developed within the framework of a public-private partnership (PPP), the Fana solar plant will be built by Legendre Energie, the subsidiary of the French group Legendre on a 30 year concession, while the second solar PV project with 33 MW capacity, will be installed in the Ségou circle by the Norwegian renewable energy IPP, Scatec.
The Fana project was the subject of a preliminary agreement with the Malian government back in 2016. The concession has now been revised. “The concession contract concluded defines the legal framework for the implementation of the project. It also describes the technical and financial principles as well as the practical modalities for the implementation of the project, in particular the signing of a power purchase agreement (PPA) between the company Énergie du Mali (EDM-SA) and the company Fana Solar Power,” the Council of Ministers said.
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The 33 MW Ségou power plant concession contract was concluded with Ségou Solaire back in 2015. It has also been amended by the Council of Ministers. The amendment relates to the reduction in the cost of carrying out the project which has been made possible by the drop in the price of solar equipment in recent years. Another adjustment was made to the implementation clauses of the Ségou power plant project itself.
“The delay observed in the execution of the project and the drop in the sale price per kilowatt-hour made it necessary to re-revise the contract concerning, in particular, the definition of certain terms, i.e. the buyer’s right of substitution, the applicable tax and customs regime, and the modalities of implementation of the surety agreement” read a report from the Council of Ministers.
Author: Bryan Groenendaal
