UK company Savannah Energy has signed an agreement with the Ministry of Petroleum and Energy of Chad to develop up to 500MW of renewable energy projects in the North African country.
The wind and solar farms will supply electricity to the Doba oil project and the towns of Moundou and Doba in Southern Chad, as well as the capital city N’Djamena.
The first project is an up to 300MW solar farm and battery energy storage system located in Kome.
Project sanction is expected in 2023 with first power in 2025.
The second development covered by the agreement involves solar and wind farms each with 100MW capacity to supply N’Djamena.
Project approval is expected in 2023/24 with first power in 2025/26.
Savannah expects to fund the projects from a combination of its own internally generated cashflows and project specific debt.
Savannah Energy chief executive Andrew Knott said: “I am delighted to announce the Centrale Solaire de Komé and the Centrales d’Energie Renouvelable de N’Djamena projects.
“Both of these represent a major vote of confidence in Chad by Savannah and have the potential to contribute to a transformative change in the country’s GDP over the course of the coming years, as well as bringing the significant quality of life benefits associated with access to regularised power to the regions in which the Projects are situated.
“The projects represent one of the largest ever foreign direct investments in Chad and are believed to the largest ever by a British company.”