Shell profit rises on higher US oil and gas prices

Power Watch India - - DESPATCHES FINANCE -

Neoen S.A.S and First So­lar an­nounced that they have suc­cess­fully bid for a 47.5 MW AC util­ity-scale so­lar power project in Zam­bia. The con­sor­tium was awarded the project by Zam­bia’s Industrial De­vel­op­ment Cor­po­ra­tion (IDC) at a ground­break­ing tar­iff of $0.06 per kilo­watt-hour (kWh), the low­est seen in sub-Sa­ha­ran Africa, to date.

The project - the first to be de­vel­oped un­der the World Bank’s Scal­ing So­lar pro­gramme - is part of Zam­bia’s first util­ity-scale In­de­pen­dent Power Pro­duc­ers (IPP) scheme for so­lar en­ergy. Sched­uled to be com­pleted by mid-2017, the fa­cil­ity will be lo­cated in the Lusaka South multi-fa­cil­ity eco­nomic zone and the IDC will re­tain a 20 per cent stake in the project. En­ergy gen­er­ated by the facil- ity will be sup­plied to ZESCO, the state-owned util­ity com­pany, un­der a 25-year Power Pur­chase Agree­ment (PPA). The power plant will cover an area of al­most 129 acres, equal to ap­prox­i­mately 73 soc­cer pitches. The project will dis­place the need for 125 mil­lion litres of wa­ter that would have been con­sumed by con­ven­tional gen­er­a­tion, be­cause so­lar PV does not re­quire any wa­ter to gen­er­ate en­ergy.

The plant will be pow­ered by ap­prox­i­mately 450,000 high per­for­mance First So­lar mod­ules, which of­fer up to six per cent more en­ergy in Zam­bia that con­ven­tional crys­talline sil­i­con PV pan­els.

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