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French multinational electric utility company, Engie has signed an agreement with the Gabonese financial institution, Caisse des Dépôts et Consignations, to develop eight hybrid solar power plants in Gabon.
The power plants with a combined capacity of 2.2 MW will save the country one million litres of fuel per year and reduce generation costs by 30 percent.
In a statement released on Monday, Engie said that the implemented solution was developed by its subsidiary, Ausar Energy in collaboration with the Gabonese Ministry of Energy and the Gabonese energy and water company, Société d’Énergie et d’Eau du Gabon. Engie noted that the new development means that solar energy can be used in eight locations that are currently supplied by oil-fired thermal power stations.
Once complate, the project will contribute to the Gabons policy of implementing renewable energy in the country’s energy mix in order to increase energy capacity.
The Gabon Minister of Petroleum and Hydrocarbons, H.E Pascal Houangni Ambouroué, will speak at the Africa Oil & Power conference in Cape Town on September 5-7.