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South Africa : AFDB gives approval loan to help construct solar plant in SOUTH AFRICA

July 3, 2014

The Africa Development Bank has given approval to a $142 million loan to assist construct a 100 megawatt solar power plant in the Northern Cape South Africa.

The loan is division of a $908 million required for the set up of the power plant. The facility will be constructed by a consortium led by a Spanish firm Abengoa.

The South African government targets to bolster the country s energy production from renewable energy by 17,800 megawatts by the year 2030. Additionally, it aims to do this via partnership with independent power producers.

Currently, Abengoa is constructing 2 other solar plants in the Northern Cape: a 50 MW solar power plant near the town of Upington, and a 100 MW parabolic trough solar plant, dubbed KaXu Solar One, near the town of Pofadder.

Abengoa stated that Xina Solar One would produce sufficient clean energy to power about 90 000 households while minimizing South Africa s carbon dioxide emissions by up to 315 000 tons annually.

Xina Solar one will combine 5 hours thermal energy storage system utilizing a set of thermal storage tanks filled with molten salts. This will help the plant to produce electricity after sunset or during cloudy periods, auxiliary to the ability to adapt energy production to the peaks of demand.

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Source: TendersInfo (India)

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