The AfDB board permitted $37 million in loans to help the development of a 100 MW solar energy plant in Kairouan, Tunisia.
The challenge, managed by a consortium led by Dubai-based AMEA Energy, was one in all 5 winners in a young launched by the Tunisian Ministry of Mines and Vitality in 2019. The consortium submitted a bid of TND 97.92 ( $29.74) /MWh, which was one of many lowest world bids for photo voltaic on the time.
The approval covers $20 million in loans from the AfDB, in addition to $17 million in concessional financing from the Sustainable Vitality Fund for Africa, managed by the AfDB. The World Financial institution Group’s Worldwide Finance Corp and its Clear Expertise Fund will present further funding.
Société Kairouan Photo voltaic Plant SARL, a particular objective car owned by AMEA Energy, will handle the challenge. It can oversee the design, development, and operation of the plant on a construct, personal and function foundation.
Tunisia has roughly 472 MW of put in renewable capability by March 2022, together with 244 MW of wind, 166 MW of photo voltaic, and 62 MW of hydropower, representing 8% of the overall manufacturing of nation’s vitality.
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