Burkina Faso signed a MoU with independent energy producers for the construction of solar power plants with a combined capacity of 155 MW.
“Yesterday was a historic day for Burkina Faso and West Africa because for the first time in a single day, the country signed PPIs for 155 MW. This is a record!,” according to Bachir Ismaël Ouédraogo, the country’s Minister of Energy. The official also said that the energy produced by these plants will be bought by the Burkina National Electricity Company (SONABEL) over 25 years.
The electricity transfer price was set at 50 CFA francs ($ 0.09), compared to an average energy purchase cost of 75 CFA francs ($ 0.135) for electricity.