Will a solar PV plant be a 'pioneering project' in Chad?

The European Investment Bank (EBI) described the solar PV plant as a “pioneering project” that “will help liberalise the energy sector, and mobile private investment in Chad.” It is calculated that the cost of electricity will be less than half the current cost of power following the project.

How poor is Chad in 2023?

In 2023, extreme poverty across the country was recorded at 35.4%. Energy is scarce and unreliable across Chad. Only 4% of the population has access to electricity. Currently, traditional wood fuel is the primary source of energy consumption across the country.

Will Djermaya solar power 60,000 households?

Once online, the Djermaya solar project could power 60,000 households and reduce the overall cost of electricity generation. USAID’S Power Africa has guided tariff approaches, indicating that the Djermaya plant will produce electricity at a cost that is 40% less than existing sources.

What is Djermaya solar project?

The Djermaya Solar Project will significantly improve Chad’s socio-economic prosperity. Not only will the project provide lower cost energy, increasing accessibility across the country, but it will also create 250 jobs during construction, as well as 12 permanent positions during the operational phase.

Is Chad a poor country?

Located in North Central Africa, Chad is an exceptionally diverse country, home to more than 200 ethnic groups and 100 different languages. However, with a cumulation of political instability and natural disasters, Chadians are suffering from rising food insecurity and poverty levels.