- Press Releases
(SeeNews) - Dec 10, 2014 - Dubai-based solar power developer Access Power MEA said today it has won the bid to develop Uganda’s first solar power facility, which will have a capacity of 10 MWp.
The company’s unit Access Uganda Solar Ltd was chosen among seven other companies to construct, own and operate the plant. The company expects to secure the USD 17 million (EUR 13.7m) in funding needed for the scheme by June next year, managing director Stephane Bontemps noted.
Located in the district of Soroti, the solar farm is expected to generate approximately 18 GWh of electricity annually, enough to power 40,000 local households. Upon completion, scheduled for December 2015, it will turn into the biggest independent solar array across the Middle East and Africa, Access Power added.
The solar project will be participating in the GET feed-in-tariff (FiT) Solar Facility incentive programme, which is managed by Germany’s KfW Development Bank and financed by the European Union (EU) Infrastructure Trust Fund. Its output will be sold at USD 0.1638 per every kWh over the next 20 years, while the locals will pay only USD 0.11 of it.
(USD 1.0 = EUR 0.807)