Mauritania on 2 October signed a $300mn deal with Dubai-based Iwa Green Energy to develop a 60MW hybrid solar-wind power plant. It is the first deal the country has signed with an independent power producer (IPP) and is one of the first projects to be developed under the African Development Bank’s (AfDB) Desert to Power (DtP) initiative.
DtP aims to attract private capital through standardized investment terms across 11 Sahel countries which include Senegal, Mauritania, Mali, Burkina Faso, Niger, Nigeria, Chad, Sudan, and Eritrea. (CONTINUED - 216 WORDS)