Page 15 - AfrElec Week 29 2022
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AfrElec RENEWABLES AfrElec
Ncondezi Energy studies 300-MW
solar park in Mozambique
MOZAMBIQUE NCONDEZI Energy Limited (Ncondezi), an bloc has suffered from electricity shortages since
Africa-focused power development company, 2007.
has launched a feasibility study for a solar photo- Ncondezi’s proposed project can be fast-
voltaic and battery energy storage system (BESS) tracked to feed first power to the grid as early
in western Mozambique. as 2024, leveraging existing advanced-stage
The study for the project of up to 300MW development work. Fully diluted cash flows of
plus BESS will be conducted by WSP Group between $130mn and $180mn are expected over
Africa and is expected to be completed in four 25 years.
months, the AIM-traded company said in a July Chief executive officer, Hanno Pengilly said
15 release. the company has taken measured steps to get to
The solar facility will be located within Ncon- this point, including the completion of a pre-fea-
dezi’s 25,000-hectare concession area with three sibility study and positive engagement with
preferred sites with about 500MW generation Mozambique authorities.
potential each already identified, it said “The solar project is uniquely positioned to
“The concession area has above average leverage existing advanced stage development
global horizontal irradiance and is located close work from the company’s 300MW thermal
to existing energy load centres in the Tete prov- power project, which is expected to significantly
ince. It is the intention that the solar project will cut development costs and accelerate project
connect to the Mozambique grid with target delivery with first power potentially on the grid
power off-takers in Mozambique and the South- by 2024,” he said.
ern African Power Pool (SAPP),” Ncondezi said. “Initial financial projections for the solar
SAPP is an electricity market involving 17 project indicate significant value upside, and we
suppliers in 12 countries in southern Africa. The expect it to attract a broad range of investors.”
RENEWABLES
Egypt’s New Capital launches
130-MW rooftop solar tender
EGYPT EGYPT’S New Administrative Capital Com- second, third, fifth and sixth residential districts,
pany (NAC) has launched an international ten- in partnership with its development partners
der to install 130 MW of rooftop solar cells on represented by the Ministry of Housing and the
private buildings capable of generating between Army’s engineering corps.
30%-35% of the sprawling residential and It is expected to go into the implementation
administrative district’s electricity consumption. phase in the second half of 2022 and be com-
The Administrative Capital for Urban Devel- pleted in 2023. The project is the second phase
opment (ACUD) will undertake the tender of powering NAC with solar energy following
under a power purchase agreement (PPA). The the instalment of 10 MW of solar cells to power
rooftop cells will be installed in the city’s first, government buildings.
Week 28 14•July•2022 www. NEWSBASE .com P15
