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Published On: Mon, Jun 25th, 2018

Israeli Company Signs $1bn Power Deal With ECOWAS

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The West African Power Pool (WAPP) has entered into a landmark strategic relationship with an Israeli company’s solar developer, Gigawatt Global, signing a deal of $1 billion with the Economic Community of West African States (ECOWAS).

The deal allows the Israeli company to build a renewable energy projects in the ECOWAS region that is made up of 15-nations.

“This progress has been made following Israel’s deep and long lasting relations with Africa specifically boosted by the Israeli’s Prime Minister,PM Benjamin Netanyahu,” a statement issued by the press officer, Embassy of Israel, Zanswat Bowsan, said.

She said the deal which will strengthen ties with West Africa, was perfected in Liberia, on June 5th 2017.

“With that spirit and on the sides of the summit, Ambassador Guy Feldman, Israeli Ambassador to Nigeria and ECOWAS, initiated a meeting attended by ECOWAS Energy Commissioner, Mr. Meba Germain Essohouna, the Head of the West African Chamber of Commerce, Dr. Morlaye Bangoura and Mr. Josef Abramowitz Gigawatt Global CEO who already is exploring solar fields in 10 African countries.”

“Following a series of rigorous meetings with ECOWAS energy commission stakeholders, looking into power supply forecasts, challenges and plans for the ECOWAS region, a letter of intent was signed between H.E. Marcel De Souza, President of the ECOWAS Commission, and the company, to develop an 800 MW of trans-boundary green energy projects across the West African region,” the statement said.

She said the deal will help build the West Africa Power Pool, which is a unit of the Economic Community of West African States, ECOWAS.

“It was set up to implement this agreement and create a regional electricity system. The deal builds on an agreement inked by the U.S. and Israel, December 4th 2017, where the two governments pledged to work together to reduce energy poverty in Africa.”

“This MoU signed with WAPP, is a powerful metaphor to the West and the rest of Africa. It paves the way for future Israeli innovation, which when joined by visionaries and institutions, can challenge anything and create hope for all,” the statement quoted the Israeli Ambassador to Nigeria, Guy Feldman as saying.

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