Page 12 - AfrElec Week 05 2023
P. 12
AfrElec RENEWABLES AfrElec
Ncondezi Energy advances planned
Mozambique solar project
MOZAMBIQUE BRITISH power developer Ncondezi Energy has a coal mine and coal-fired power facility in the
signed an agreement with India’s Synergy Con- same region.
sulting to help the AIM-listed company nego- Recently, the firm reported that it had
tiate financial issues related to its planned solar secured 950hectares of land on which to build
energy project in Mozambique. the 300MW solar fwwwwarm. Mozambique has
The German publication PV Magazine also approved the transmission integration study
reported on Wednesday (January 25) that Syn- for the project.
ergy will assist Ncondezi in securing support in Synergy, an independent global company
negotiating with project lenders for debt financ- with offices in the US, UK, Jakarta, India, UAE,
ing, finalising key agreements and power tariffs South Korea, Saudi Arabia, and Japan, spe-
with potential off-takers, and raising capital. cialises in infrastructure advisory and project
Ncondezi is working towards developing a finance.
300MW solar PV plus battery energy storage It says on its website that it has 144 projects
system solar project in northern Mozambique. in Africa, Europe, Asia, Americas and the Mid-
The plant will connect to the Mozambique grid dle East covering a range of sectors including
with target power off-takers in that country as hydrcarbons and renewable energy, desalination
well as southern Africa. It also plans to develop and wastewater.
German government promoting
use of solar energy in Ghana
GHANA THE German government is backing a project include electrical engineers from solar compa-
that seeks to promote the use of solar energy and nies, engineering students, representatives of
sustainable energy solutions as an alternative to financial institutions that provide green financ-
conventional power generation in Ghana, the ing, lawyers as well as distribution and market-
Daily Graphic reported. ing companies, is aimed at equipping indigenous
Being carried out in some selected coun- companies with hands-on experience and link-
tries, the programme known as the “Project ing them with experts from the German solar
Development industry, the report noted. It is also aimed at
Programme (PDP),” which is expected to establishing long-term partnerships with Ger-
run until 2025, is part of the German Energy man companies in the industry.
Solution Initiative of the Ministry of Economic Explaining the benefits to participants, the
Affairs and Climate Action, through which country manager, GIZ Project Development
the European country is supporting Ghana Programme, Benjamin Struss, said it would
and other beneficiary countries to incorporate include free consultancy to assist local compa-
renewables and climate-friendly energy initia- nies with solar designs, and the most important
tives into their energy mix. of all was to connect them with German compa-
This comes as Berlin pledged some €82mn nies with the financial strength to install the solar
to Ghana in grants to support renewable energy free of charge in the initial stages.
and the financial sector development in Novem- “So the local companies who want solar do
ber of last year. not need to put in initial capital, they just need to
This initiative was revealed on Monday, Jan- pay instalments. We are looking at the roof and
uary 23, during the opening of a week of train- space, whether this is viable and if they would
ing in Accra for some 40 selected participating install looking at the current cost of electricity
stakeholders of the project in Ghana. and how much they could save in the end,” Struss
The training of the participants, which was quoted to have said.
P12 www. NEWSBASE .com Week 05 01•February•2023
