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| Xina Solar One CSP plant achieves financial close, South Africa The US$880 million Xina concentrated solar power (CSP) plant in Pofadder, South Africa has successfully reached financial close. Mott MacDonald was lenders' technical advisor during the project's financing and is now monitoring construction in an ongoing role. Awarded during the third round of South Africa's Renewable Energy Independent Power Producer (REIPPP) programme, the 100MW Xina plant will supply clean and dispatchable electricity to South Africa's power utility Eskom under a 20-year power purchase agreement. It will produce energy to serve over 95,000 households and will prevent the emission of 348,000 tons of CO2 every year. The plant will also include a five-hour thermal energy storage system that will use molten salts to assist in meeting evening peak demand. write your comments about the article :: © 2015 Construction News :: home page |