Astonfield wins tender for 4 MW of solar schemes in Mauritius

Jul 30, 2014 - India's renewable energy firm Astonfield Renewable Resources Ltd said Tuesday it was chosen among 56 companies to develop two utility-scale solar projects in Mauritius with a total capacity of 4 MW.

The company signed yesterday a power purchase agreement (PPA) with the Central Electricity Board (CEB).

The contract represents 40% of the allocated projects under the 10-MW solar photovoltaic (PV) programme of the local government. They will require an investment of some USD 8.2 million (EUR 6.1m), which two leading banks are offering to provide.

Astonfield will solely develop the first 2-MW project near the city of La Gaulette and will partner with Mauritius-based renewable energy firm Alteo Energy Ltd for the second one in Union Flacq city.

The company's core market is India, but it also operates in Africa and the Middle East. Astonfield sees Mauritius as a platform for financing activities, engineering and project management.

The company, founded in 2005, develops, owns and operates PV projects with a 275-MW pipeline for the period 2012-2014.

(USD 1 = EUR 0.746)

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