(Ecofin Agency) - Côte d’Ivoire announced it will set its very first photovoltaic plant with a capacity of 25 MW in the locality of Binguébougou, Korhogo region.

The project will be steered by Korhogo Solaire, local subsidiary of Moroccan company Nova Power, for a total amount of about $40 million. The company will design, fund, build, and operate the facility.

For the record, the concession contract signed between the State and the national power utility has been adjusted to ensure the transmission and the distribution of the electricity to be generated by the plant.

Côte d’Ivoire planned to boost electricity capacity to 4,000 MW from 2,000 MW by 2020 mainly through the use of renewable energy.

Gwladys Johnson Akinocho