Akuo Group, in partnership with PASH Global, has started the commercial operation of the 50 MW solar photovoltaic project located in the town of Kita, 180 km west of Bamako in the Kayes Region, West Africa.
The project covers the electricity needs of about 120,000 Malian homes and will reduce CO2 emissions by more than 52,000 metric tons every year.
The plant’s financing was undertaken through the West African Development Bank (WADB/BOAD), BNDA (Banque Nationale du Développement Agricole), FMO (a Dutch development finance company) and EAIF (Emerging Africa Infrastructure Fund), an investment fund managed by Ninety One, for the banking part.
In 2015, the project signed on a 30-year basis with a 28-year power purchase agreement with national power company Energie du Mali (EdM).
