Neoen (Paris, France) on
March 3rd, 2017 signed a 25 years PPA (Power Purchase Agreement) with
ZESCO (the Zambian national utility), for a 54 MW solar photovoltaic
(PV) plant.
Solar power for USD 0.06 per kWh
This project was awarded to the consortium comprised
of Neoen and First Solar at the historically low price of USD 0.06 per
kWh of solar power in the framework of the Scaling Solar program.
Scaling Solar was developed by the World Bank Group
(IFC) and its roll-out took place in Zambia following his Excellency the
Zambian President Edgar Chagwa Lungu’s initiative in 2015.
The PV plant, representing an investment of USD 60
million, will be built and operated in partnership with the Industrial
Development Corporation (IDC), the Zambian public investment fund, and
will be the first utility-scale photovoltaic power plant in the country.
source: http://www.solarserver.com
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