Skip to main content

PV Magazine:

A fresh injection of debt from two organizations backed by five European governments has brought forward the long-delayed Djermaya solar-plus-storage project in Chad.

London-based development body InfraCo Africa – which is funded by the governments of the U.K., the Netherlands, and Switzerland – on Friday revealed a deal had been signed in Paris last month to more than double the amount of borrowing secured for the planned 34 MW solar project 30km north of Chadian capital N’Djamena, which will also include 4 MWh of battery storage.

With the African Development Bank (AfDB) having already committed €18 million for a project which, as pv magazine reported in October 2019, had originally been supposed to be fully financed in 2017, and operational in 2018, a further €18.6 million of borrowings was confirmed ten days ago.

Proparco, the private-sector arm of French development body the Agence Française de Développement, will lend €9.3 million to the project, InfraCo said, and that loan was matched by the Emerging Africa Infrastructure Fund, which is financed by the governments of the U.K., the Netherlands, Switzerland and Sweden, and which borrows capital from public and private sources to on-lend to projects.

[Max Hall]

More: Chad’s first solar-plus-storage project secures funding

Join our newsletter

Keep up to date with all the latest from IEEFA