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Agreement signed for Niger's first wind farm
Agreement signed for Niger's first wind farm.
About this update from Savannah Energy Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 3625G\n Savannah Energy Plc\n 29 March 2022\n \n \n \n \n 29 March 2022\n \n \n \n \n \n Savannah Energy PLC\n \n \n (\"Savannah\" or \"the Company\")\n \n \n \n \n \n Agreement signed with Niger Government for country's first wind farm\n \n \n \n Parc Eolien de la Tarka expected to be one of the largest wind farms in Africa\n \n \n \n Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter in Africa, is pleased to announce its inaugural renewable energy project, having signed an agreement (\"the Agreement\") yesterday with the Ministry of Petroleum, Energy and Renewable Energies of the Republic of Niger for the construction and operation of the country's first wind farm, with a proposed installed power generation capacity of up to 250 megawatts (\"MW\") on an independent power producer (\"IPP\") basis in the Tahoua Region of Southern Niger(the \"Project\").\n \n \n \n The proposed wind farm project, Parc Eolien de la Tarka, is expected to be owned by a subsidiary of Savannah, Savannah Parc Eolien de la Tarka (\"SPET\"), and to consist of up to 60 wind turbines with a total power generation capacity of up to 250 MW. The initial phase of the Project will see SPET carry out a24-month feasibility study which will include an assessment to confirm the wind conditions and an assessment as to how the generated power would be incorporated into the national and regional electricity grids. The project is expected to take advantage of the development of the West African Power Pool (\"WAPP\"), a high voltage interconnection network allowing power exchanges between countries in the region and increased grid stability. Niger is scheduled to be connected to the WAPP in 2023 via a 330 kV line financed by the World Bank, the African Development Bank (\"AdB\"), the European Union and the Agence Française de Développement (AfD\"). \n \n \n \n \n \n Subject to the planned feasibility study confirming the ultimate scale of the Project, Parc Eolien de la Tarka is expected to produce up to 600 gigawatt hours per year of electricity. The construction phase of the Project is expected to create over 500 jobs, while the Project has the potential to reduce the cost of electricity for Nigeriens and avoi...