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Financing the first solar power plant in Chad
Project
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Signature date
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Location
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Chad
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Financing tool
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Financing amount (Euro)
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9300000
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Financing details
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EUR 9.3m loan
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Customer
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Djermaya CDEN Energy
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Type of customer
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Company
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Country of headquarters
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Chad
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Project number
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PTD1024
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Environmental and social ranking
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IF-A
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Climate co-benefits
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Project with climate co-benefits
This project is carried out with the support of the European Union.
The content of this project information sheet falls under the sole responsibility of the Proparco and does not necessarily reflect the opinions of the European Union. This information is given at the time of signature, without prejudice to any developments in the operation/project.
In Chad, Proparco is participating in financing the Djermaya Solar project with EUR 9.3m. This first solar power plant in the country aims to improve access to electricity for thousands of people.
Client presentation
The Djermaya Solar project has been developed by InfraCo Africa, via Anergi Africa Developments Ltd (AADL), with its partner Smart Energies. Denham Capital recently joined the project via Neo Themis as a majority long-term investor.
Project description
The Djermaya Solar project involves the design, financing, construction and operation of a 34 MWc photovoltaic solar power plant, 18 km of interconnection infrastructure and a 4 MWh battery system. It is the first solar power plant in Chad, the first electricity storage infrastructure, and also the first public-private partnership (PPP) in the form of an independent power producer (IPP) in the country.
Project impact
The project should reduce emissions by 45 ktCO2e a year, improve access to electricity for over 430,000 beneficiaries, contribute to a more resilient economy by generating 63.9 GWh of solar electricity locally every year on average, and support 20,600 indirect jobs over the next 5 years.