MALI – Independent Power Producer (IPP) Legendre Energie, the subsidiary of the French group Legendre, has just signed a 25-year concession contract for its 50 MWp solar power plant in Fana with the Malian Ministry of the Economy and Finance and the Ministry of Energy
The future solar photovoltaic power plant will be built under the BOOT (Build-Own-Operate-Transfer) model, a form of public private partnership (PPP).
“The project aims to promote the national economy through the development of the energy sector. By increasing the electricity production capacity of the national interconnected network, it will help to meet the country’s ever-increasing demand for electricity,” Alousséni Sanou, Mali’s Minister of the Economy and Finance, said.
“Mali has an installed capacity of only 310 MW for more than 20 million inhabitants, according to the EU-US Data Protection Shield. The country imports part of its electricity from Ivory Coast (50 MW) and has an installed off-grid capacity of 90 MWp.”
“The project aims to promote the national economy through the development of the energy sector.“Alousséni Sanou – Minister of the Economy and Finance, Mali
The subsidiary of the French group Legendre has set up the special purpose vehicle Fana Solar Power for the construction and operation of the future solar power plant, which will be located in the Dioïla circle, near the Malian capital Bamako. The plant, which will occupy a 150-hectare site, will be commissioned in 2023. The plant will have a capacity of 50 MWp, making it the largest photovoltaic plant in Mali along with the one in Kita (50 MWp) built by the French IPP Akuo Energy.
The electricity produced by the Fana solar power plant will be fed into the grid of the state-owned company Électricité du Mali (EDM). The plant will be connected to the EDM substation in Fana (150 kV), located 1.3 km from the site. The implementation of the entire Fana solar project will require an investment of 32.8 billion CFA francs, more than 50 million euros.
In April this year, Legendre Energie received the greenlight to develop the solar plant alongside Norwegian independent power producer Scatec.
Scatec is set to build 33 MW solar power plant, in the municipality of Pélengana, in the Ségou district
Dormant since 2015, when it secured authorization from the Malian authorities, this project benefits from the fall in the price of solar equipment on international markets and from the additional financing of related infrastructure by the Norwegian government, allowing a review of the project costs.
The Ségou Solaire special purpose vehicle will develop this project in partnership with IFC InfraVentures, a subsidiary of the World Bank group, and local developer Africa Power.
Bamako has been trying to speed up its solar program for months, benefiting from lower panel costs. France-based Akuo Energy commissioned its 50 MW solar power plant in Kita last November, the output of which is sold to EDM-SA.
The government of Mali aims to ramp up the country’s share of renewable energy in the national electricity mix to 25% by 2033, in addition to a 61% rural electrification target.
Liked this article? Subscribe to DealStreet Africa News, our regular email newsletter with the latest news, deals and insights from Africa’s business, economy and more. SUBSCRIBE HERE