Industrial parks developer in Africa, Arise Integrated Industrial Platforms (IIP) has invited expressions of interest (EOI) from interested companies for a 390 MW DC solar PV plant that needs to be set up in Togo, along with a 200 MW battery energy storage system (BESS). Arise IPP names Africa Finance Corporation Olam International Ltd. as its 2 shareholders.
Under the tender, Arise IIP offers 2 options, namely an EPC contract along with 5-year operation and maintenance (O&M) services as option 1. Under option 2, it is open to forming a joint venture with an interested and eligible company to supply reliable and sustainable power for 20 years under a power purchase agreement (PPA) to the Industrial Platform of Adetikope (PIA) and industries operating within it.
Option 1 will have Arise IIP financing the project, while option 2 will be financed by Arise IIP and its joint venture partner.
PIA is a vertically integrated industrial zone housing storage, processing, manufacturing and export supply chain. A public-private partnership (PPP) between the Republic of Togo and Arise IIP, PIA is strategically located on the backbone of Lome, the Burkina Faso industrial corridor, according to its website.
Winning bidders will be expected to set up a 161 KvA substation to ensure grid connection.
Last date for interested companies to respond to the EOI is July 20, 2021. Tender documents will be available between July 20, 2021 and July 30, 2021, according to Arise IIP's EOI announcement .
In June 2021, AMEA Power grid connected a 50 MW solar power plant in Togo under a 25-year PPA with state utility CEET ( see 50 MW Solar Power Plant Commissioned In Togo ).