Conakry, Republic of Guinea: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG) and Solveo Energie, Solvéo Energie, a subsidiary of Solvéo Company, have signed a 25-year Power Purchase Agreement (PPA) with Electricité de Guinée (EDG); marking a significant milestone Contact online >>
Conakry, Republic of Guinea: InfraCo Africa, part of the Private Infrastructure Development Group (PIDG) and Solveo Energie, Solvéo Energie, a subsidiary of Solvéo Company, have signed a 25-year Power Purchase Agreement (PPA) with Electricité de Guinée (EDG); marking a significant milestone for the pioneering Khoumagueli Solar IPP project. The PPA follows on from the signing of a Concession Agreement in February 2019.
The 40MWac Khoumagueli Solar project will be Guinea''s first grid-connected solar photovoltaic plant and is designed to complement power generation at the nearby 75 MW Garafiri hydroelectric plant. The facilities will combine to maximise delivery of renewable energy to the national grid, with Khoumagueli Solar expected to mitigate against the impact of fluctuating rainfall on hydro power generation at the Garafiri plant.
The project is being developed by InfraCo Africa with the support of Aldwych Africa Developments Ltd, in partnership with experienced French solar PV developer, Solvéo Energie S.A.S, a subsidiary of Solvéo Developpement. The companies bring complementary skills and knowledge to the project. A Special Purpose Vehicle (SPV), named Khoumaguéli Solar S.A (the Project Company), has been established under Guinean law, with the purpose of developing and constructing the power plant.
Jean-Marc Mateos, President of the Solveo Group said, "The Khoumagueli Solar project contributes to the energy transition on the African continent. It combines photovoltaic solar energy with hydroelectricity produced in Guinea, reduces the need for thermal energy and reduces the cost of electricity." And he adds, "In coordination with its partners, Solvéo Energie works internationally to ensure the sustainability of economic, social and environmental development so that future plants benefit infrastructure users, national and regional stakeholders. InfraCo Africa aims to alleviate poverty by mobilising private sector funds and expertise to develop high-quality infrastructure projects in sub-Saharan Africa."
The GoG has prioritised development of the energy sector as part of the country''s National Development Plan Economic and Social Council (2016-2020). The government is specifically seeking to exploit Guinea''s solar power potential in order to diversify the country''s energy mix and increase the availability and reliability of power.
As one of Guinea''s earliest renewable IPP initiatives, Khoumagueli has used grant funding secured from PIDG''s Technical Assistance (TA) and from ADEME (Agence De l''Environnement et de la Maitrise de l''Energie) to support work to build government capacity to undertake renewable energy projects with the private sector.
EPC procurement is at a mature stage, and initial discussions with lenders have begun.
Behind the scenes: Expecting t... »
As the first grid-connected solar plant in Guinea, the Khoumagueli project will diversify Guinea’s national energy mix and increase installed capacity by 40MW. Khoumagueli’s power will complement that provided by a nearby hydro facility, compensating for reductions in daytime output when water levels fall or whilst the plant is being refurbished.
This page lists the main power stations in Guinea contributing to the public power supply.
There are also a number of private power plants supplying specific industrial users such as mines and refineries.
Guinea is considered to have considerable renewable energy potential. Schemes at an advanced state of development are included.
Country Priority Plan and Diagnostic of the Electricity Sector,[1] published in November 2021 by the African Development Bank [AfDB], heavily informs this article.
A solar facility is proposed at Khoumagueli with 40MW of capacity.[1]
Guinea''s rivers show great potential for hydroelectric power. With Kaleta completed, the government plans to invest in several smaller dams in the near future and has secured Chinese funding for the USD 1.3 billion Souapiti dam, which will be twice Kaleta''s size, cost, and generation capacity. Located several kilometers upstream from Kaleta, Souapiti will regulate the Konkoure River to ensure that Kaleta can operate at full capacity even during the dry season. Solar power is also growing in popularity for both corporate and residential use.
In April 2015, the government chose French firm Veolia to manage the state-operated electric company Electricité De Guinée (EDG), widely regarded as having been mismanaged for decades. Veolia received a four-year contract to implement a recovery plan for the indebted utility. The government hopes to privatize or seek a public-private partnership for the utility following the conclusion of Veolia''s contract. The management of formerly state-owned enterprises (SOEs) could be an opportunity for U.S. companies.U.S. manufacturers such as General Electric, Pratt & Whitney, and others could see increased opportunities for sales of power generation turbines in Guinea as the country develops its hydro potential to meet domestic and regional demand.
The 40MWac Khoumagueli Solar IPP project in Guinea has marked a significant milestone with the signing of a 25-year power purchase agreement (PPA) between InfraCo Africa and Electricité de Guinée (EDG).
The Khoumagueli Solar project will be Guinea’s first grid-connected solar photovoltaic plant. The project is designed to complement power generation at the nearby 75MW Garafiri hydroelectric plant. The facilities will combine to maximize delivery of renewable energy to the national grid, with Khoumagueli Solar expected to mitigate against the impact of fluctuating rainfall on hydropower generation at Garafiri.
“The PPA signing is a key milestone for the Khoumagueli Solar project, which will deliver reliable, affordable power to Guinea’s homes and businesses. During these uncertain times, it is admirable that the teams involved have continued their work to achieve the signing of this important agreement,” said InfraCo Africa’s Chief Executive Officer Gilles Vaes. “The signing demonstrates the ongoing commitment of EDG and the Government of Guinea to developing the country’s clean energy sector.”
The project is being developed by InfraCo Africa – which is part of the Private Infrastructure Development Group (PIDG) — and Solveo Energie, a subsidiary of Solvéo Company, with the support of Aldwych Africa Developments.
A special purpose vehicle (SPV) named Khoumaguéli Solar S.A has been established under Guinean law, with the purpose of developing and constructing the power plant.
“The Khoumagueli Solar project contributes to the energy transition on the African continent. It combines photovoltaic solar energy with hydroelectricity produced in Guinea, reduces the need for thermal energy and reduces the cost of electricity,” said Jean-Marc Mateos, president of the Solveo Group.
Guinea’s energy plan
Guinea has a national electrification rate of 35.4%. Guinea’s electricity supply is largely derived from hydropower, which can be susceptible to seasonal fluctuations in rainfall: 84% of businesses report power outages causing financial losses equivalent to about 4.7% of annual sales.
Demand for power is expected to rise sharply due to a forecast expansion of the country’s mining industry and economic growth. The government of Guinea has therefore prioritized the development of the energy sector as part of the country’s National Development Plan Economic and Social Council. The government is specifically seeking to exploit Guinea’s solar power potential to diversify the country’s energy mix and increase the availability and reliability of power.
As one of Guinea’s earliest renewable IPP initiatives, Khoumagueli has used grant funding secured from PIDG’s Technical Assistance and from ADEME (Agence De l’Environnement et de la Maitrise de l’Energie) to support work to build government capacity to undertake renewable energy projects with the private sector.
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