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Mauritania signs an agreement with ACWA Power to establish the first gas-fired power station with an investment of $700 million

Nouakchott –Mauritania has taken a new step towards exploiting its gas resources locally, after signing an agreement with“Aqua Power”Saudi Arabia to develop the first natural gas electricity production station in the country, with investments of approximately700 million dollarsAs part of a project aimed at enhancing energy security and reducing electricity production costs.

According to what was announced by the company and the Mauritanian government, astation will be established “Anjaku/Ndiago”With a production capacity of230 MWAccording to the combined cycle system using natural gas, within the framework of themodel Independent Power Producer (IPP), which is applied for the first time in Mauritania.

The project value is approximately$669 millionAccording to the Mauritanian government, while ACWA Power indicated that the total cost is estimated at approximately700 million dollarsWith an actual stake of60%In the project company “Ndiago Energy”.

The agreement includes the signing of a partnership contract between the public and private sectors, in addition to an agreement to purchase electricity between the Mauritanian Electricity Company“Somlak”And the project company, provided that the contracts extend for a period of25 yearsStarting from the date of commercial operation of the station.

The Mauritanian Minister of Energy and Oil, Mohamed Khaled, confirmed that the project represents the first station based on gas extracted from Mauritania’s share in theproject. The turtle Ahmeem Al-KabirThis will allow a portion of production to be directed to the local market instead of being limited to export, while enhancing the stability of electrical supplies and reducing dependence on imported fuel.

For its part, the Ministry of Economic Affairs and Development explained that the project will enhance the country’s energy sovereignty and contribute to reducing the cost of electricity production, as it preparesSaudi Fund for DevelopmentTo finance a pipeline to transport gas from thefield AhmeemTo the power station in the Angaku district.

The Chairman of the Board of Directors of ACWA Power, Mohamed Abdullah Abu Nyan, confirmed that the agreement represents a strategic partnership between Mauritania and Saudi Arabia, and falls within the company’s direction to expand its investments in the African continent, especially in the fields of energy and infrastructure.

Source:“My press”

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