Article Republished By Javier Troconis
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The Zina project, in the village of that name in Mouhoun province, 185 kilometers from the capital Ouagadougou, is being financed by the International Finance Corporation private sector lender of the World Bank, in part with Canadian loans, plus the Emerging African Infrastructure Fund financed by the governments of the UK, the Netherlands, Switzerland and Sweden.
Amea said the project has secured a 25-year power purchase agreement from Burkinabe national utility Société Nationale d’électricité du Burkina Faso but did not reveal any further details of the project economics.
Hussain AlNowais, chairman of the developer, quoted in a press release it issued this week, said: “We support Burkina Faso’s drive to turn to solar as a vital measure to boost the energy supply and to reduce the country’s reliance on the importation of fossil fuels for power generation. The country is looking to add more than 500 MW of capacity by 2025, and Amea Power is pleased to be part of the country’s journey to provide clean, affordable and reliable energy to the people of Burkina Faso.”
The developer said it commissioned 50 MW solar plants in Togo and Jordan in 2021 and is awaiting financial close on a gigawatt of solar and wind capacity in Egypt which would double the scale of clean energy projects it has from late-stage development onwards.
The International Renewable Energy Agency has estimated Burkina Faso had 62 MW of grid connected solar capacity at the end of 2021, with that figure having been unchanged for three years.
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