Savannah Energy PLC, the British independent energy company focused around the delivery of Projects has signed a Memorandum of Agreement (“MOA”) by Savannah Energy Niger Solar Limited, a wholly owned subsidiary of Savannah, with the Government of the Republic of Niger (the “Government”) for the development of two solar photovoltaic power plants with a combined installed power generation capacity of up to 200 megawatts (“MW”) (the “Solar Projects”).
The two proposed solar plants are expected to be located within 20 km of the cities of Maradi and Zinder, respectively, in southern Niger. Each plant is expected to have an installed capacity of between 50 and 100 MW, for a total potential installed capacity of up to 200 MW. The Solar Projects are expected to: generate reliable, affordable energy for Niger; increase overall grid connected power generation in the country by over 20%; and avoid an estimated up to 260,000 tonnes of annual CO2 emissions.
The Solar Projects are expected to be connected to the South Central section of Niger’s electricity grid, which is forecast to be interconnected to the Western electricity grid zone (which serves Niamey) by 2026, as part of a World Bank funded project.
Following the anticipated completion of the required project feasibility studies over the course of the next 12 months, the Solar Projects are expected to receive project sanction in 2024, with first power targeted in the 2025 to 2026 window.
Savannah expects to fund the Solar Projects from a combination of its own internally generated cashflows and project specific debt.
Ibrahim Yacoubou, Minister of State for Energy and Renewable Energies for the Republic of Niger, said these projects are an example of the Republic of Niger’s strategy to increase electricity access for our people at an affordable cost through an expanding energy mix, as we have outlined in our National Strategy of Energy Access (“SNAE”) and our National Policy Document on Electricity (“DPNE”).
These projects come in addition to the up to 250 MW Parc Eolien de la Tarka, the wind farm project signed with Savannah last year, which has strong momentum and is expected to start construction in 2024. In aggregate, the wind and solar projects Savannah is developing in partnership with the Government of Niger have the potential to increase the on-grid power supply in country substantially. These projects are crucial for Niger’s economy, potentially improving the lives of millions of Nigeriens by providing them with life changing benefits from energy access.
I would like to warmly welcome the support of the British Ambassador to Niger for these projects. Today we have witnessed her personal commitment to mobilising British companies to come and invest in Niger; with the UK’s wider commitment to Niger evidenced by the investment round table that His Excellency President Bazoum spearheaded recently in London.
Lastly, I would like to wish every success for these projects. May God help us achieve the goals we have set ourselves, and both personally and on behalf of the Government of Niger, Savannah can count on our wholehearted support for the development of the Tarka wind farm and the Maradi and Zinder solar power plants, to ensure they can be brought to fruition.”
Leave a Reply