Akuo Kita Solar Photovoltaic Power Plant

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The project entails the construction, financing and operation of Akuo Kita solar power plant, located at Kita region in southern Mali. The capacity of the facility is 50 MW. Akuo Kita Solar SA, which will own and operate the project, is a subsidiary of French renewable energy IPP Akuo Energy. This will be the first project of Akuo Energy in Africa. Akuo Energy signed a power purchase agreement (PPA) with the Malian government in October 2015. The company’s local subsidiary has also signed a 28-year electricity purchase agreement with national utility Energie du Mali SA. The total project cost is $95.7 million. The funding was closed by BOAD, Emerging Africa Infrastructure Fund (EAIF), FMO, National Bank of Agricultural Development of Mali (BNDA), Green Africa Power (GAP) and GuarantCo. The funding was co-arranged by BOAD and EAIF. Financial close took place on January 29, 2018. https://ijglobal.com/data/transaction/40493 https://www.africa-energy.com/article/mali-akuo-kita-solar-reaches-financial-close http://taiyangnews.info/business/50-mw-pv-plant-in-mali-secures-funding/ http://taiyangnews.info/business/50-mw-pv-plant-in-mali-secures-funding/