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ACWA Power Wins USD 300 million Deal in Ethiopia

Power News - Published on Tue, 17 Sep 2019

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Saudi Arabian firm ACWA Power has won a USD 300 million worth solar Public Venture contract, becoming the first private company to win a mega project under the Public Private Partnership after the PPP Board of Ethiopia approved the bid summited by the firm. The board approved the first round of the solar project to ACWA Power for the Gad and Dicheto Solar PV projects. The company was one of 12 companies that submitted their respective Request for Proposal last February. The site, which is located in Somali and Afar regional states, respectively, will generate a total of 250MW.

Out of the 12 shortlisted companies, seven of them have visited the site and attended a bidder’s conference.

Consequently, five have submitted their proposals and out of the five bidders, the Saudi Arabia-based company has qualified for the technical and financial requirements of the bid.

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Posted By : Rabi Wangkhem on Tue, 17 Sep 2019
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