ACWA Power awarded two 125 MW (total Capacity 250 MW) solar projects in first round of Ethiopia’s PPP programme
Riyadh, Kingdom of Saudi Arabia, October 28, 2019: ACWA Power, a leading international developer and operator of power generation and water desalination projects, was awarded two 125 MWac solar photovoltaic (PV) projects by the Public Private Partnership Directorate General (PPP-DG) of the Ethiopian Ministry of Finance. ACWA Power won the bid for the plants during the first round of Ethiopia’s solar programme organised under the new PPP law.
It is a remarkable achievement to have been selected to deliver these projects, the first to be tendered under the new public-private partnership framework in Ethiopia. We welcome the opportunity to help the country realise its incredible renewable resource potential and deliver significant economic, social and environmental value. At ACWA Power, we firmly believe that reliable, safe delivery of power and water is the first step to developing future-ready economies, and we will be playing our part in ensuring Ethiopia and its people to unlock their full potential
Our entrance into Ethiopia is yet another attestation of our impressive track record to win bids at low tariffs, and transform the energy sectors of growing economies. We thank the PPP-DG and the Government for their transparent tendering process and professional approach under the framework of the new PPP law
The two solar PV projects that were tendered in April 2019 are estimated to power 750,000 homes and offset 320,000 tonnes of carbon dioxide per year. ACWA Power was selected as the winning bid out of 12 pre-qualified bidders. While these solar projects will be ACWA Power’s first venture in Ethiopia, the company already operates in Africa with solar assets in Morocco, South Africa and Egypt, fuelling the power needs of respective communities.