Morocco-based developer Nova Power will build a 25 MW PV plant in Benguébougou, Korhogo Department, in the north of Ivory Coast.
According to a document from the local government, the plant will be built thanks to a private investment of 23,000 million XOF (around $40 million). This is considerable less that the original investment, previously announced by the country’s Ministry of Energy, which was of 44,000 million XOF.
The plant will be built by Korhogo Solaire, a subsidiary of Nova Power, and it is scheduled for completion by the end of 2018. The plant will sell power to local utility Compagnie Ivoirienne d’Electricité (CIE). In the EoI for the project issued last year, the Ministry of Energy said the maximum price at which the facility had to deliver power was 70 XOF ($0.12)/kWh.
The concession contract for the project was signed by the ministry and Nova Power in November 2016. The plant will be the country’s first large-scale solar power facility.
The government of Ivory Cost aims at installing 150 MW of generation capacity by 2020. This new capacity is expected to be deployed mostly by IPPs. Currently, the West African country has an installed capacity of 1.77 GW, which makes it an exporter of power to neighboring countries such as Burkina Faso, Ghana, Guinea, Liberia, and Sierra Leone. Only 26% of its population, however, has access to electricity.
The United Nations Industrial Development Organization (UNIDO) is promoting renewable energy-based grids in rural communities for productive uses together with the French Development Bank, the West African Development Bank, and CIE.