May Solar Power Energy Update Information
I-Desert Power Initiative seeks consultant for 10 GW solar project
The African Development Bank (AfDB) has asked financial management experts to submit expressions of interest for two components of its Desert-to-Solar-Power program, which aims to deploy 10 GW of solar energy in the Sahel by 2030.
The African Development Bank (AfDB) has launched a public call for expressions of interest from financial management experts to support its flagship Desert-to-Solar-Power program. The power program is implemented by the ECOWAS Center for Renewable Energy and Energy Efficiency (ECREEE).
“First launched in 2018, the Desert Solar Panels for Power program aims to deploy 10 GW of solar energy in 11 countries by 2030, providing electricity to about 250 million people through a combination of grid-connected and off-grid system solutions. The target countries for the first phase of the program are Burkina Faso, Chad, Mali, Mauritania, Niger, Nigeria and Senegal.
ECREEE is looking for a financial management expert to support two components of the Desert Solar Power program. The first component is the initial phase of the West Africa Regional Energy Project (WAREP), which will support regional power construction and the development of a regional mini-grid project, as well as a certification program for large-scale training of technicians, artisans, and stakeholders.
The second component is the Sahel Regional Technical Assistance Program (SRTAP), which aims to promote solar power projects in the Sahel region while attracting private sector investment for grid-connected and mini-grid facilities.
The successful Financial Management Specialist will serve both components of the program and will be responsible for budgeting, accounting, implementation of internal controls, financial reporting, and management of project funds, with additional responsibilities to be outlined in the bidding documents.
Interested consultants were asked to submit their expressions of interest by June 19 via email.
II-Malaysia's IPP to expand solar Power portfolio with new acquisitions
Malaysian independent power producer (IPP) Malakoff Group plans to acquire a 51% stake in ZEC Solar and a 49% stake in TJZ Suria. The company said it has signed a share sale and purchase agreement with Zelleco Engineering.
Kuala Lumpur-based power company Malakoff Group has signed a conditional share sale and purchase agreement with Malaysian engineering firm Zelleco Engineering to acquire two companies under the Zelleco umbrella.
Under the terms of the agreement, Malakoff Group will acquire more than 22.3 million ordinary shares in solar energy developer ZEC solar, representing 51% of its total share capital, as well as 49,000 ordinary shares in TJZ Suria, representing 49% of its total share capital. Malaysian media reports said the deal could be worth 27 million ringgit ($5.76 million).
Malakoff Group CEO and Managing Director Encik Anwar Syahrin Abdul Ajib said the acquisition will add 15 MW of installed solar capacity to the company's portfolio, taking its total installed renewable energy capacity to 168 MW.
ZEC Solar owns and operates a 29 MW solar power plant in Kota Tinggi, southern Malaysia, under a 21-year power purchase agreement valid until 2040.
“This acquisition will significantly enhance Malakoff's technical capabilities and provide a reference Solar Panel plant to meet the requirements of future large-scale domestic and international solar tendering campaigns,” said Ajib, “This is a testament to our ongoing commitment to contribute to the country's 2050 goal of net-zero emissions by 2050 and to increase renewable energy generation to 70% over the same period, thereby creating a greener future.”
In October 2023, Malakoff Group signed an agreement with MMC Group to provide 500 MW of solar energy in Malaysia. According to the International Renewable Energy Agency (IRENA), the country's cumulative installed photovoltaic capacity stood at 1,933 MW at the end of 2023.
Source:www.pv-magazine.com
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