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AfricaMoney | August 19, 2017

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Sugar Investment Trust in collaboration with Quadran Group to build wind farm in ‘Plaine des Roches’

Sugar Investment Trust in collaboration with Quadran Group to build wind farm in ‘Plaine des Roches’

The electricity produced will be distributed to the CEB and will be fully injected on the national network, which is currently powered by diesel and coal plants.  ‘Eole Plaine des Roches’ Ltd, will be in charge of the ‘Plaine des Roches’ wind power plant for 20 years. (Image: processindustryforum).

The Quadran Group, owner of renewable energy production plants and the Sugar Investment Trust (SIT) have announced on January 9, 2015 that they have received all administrative and environmental authorisations as well as bank financing for the construction of the first wind farm of 21 wind turbines in Mauritius.

It is a major step, as the first phase which involves 11 wind turbines with a power production of 9, 35 MW will satisfy the energy consumption of approximately 10,150 people.

The construction site allocated to several Mauritius- based enterprises, will be set up as from this month and expected to be operational by year-end.

The electricity produced will be distributed to the CEB and will be fully injected on the national network, which is currently powered by diesel and coal plants. 

‘Eole Plaine des Roches’ Ltd, will be in charge of the ‘Plaine des Roches’ wind power plant for 20 years.

Chief Executive Officer of Quadran, Jerome Billerey has expressed his satisfaction and explained that the ‘Plaine des Roches’ project will be the first wind farm of this scale to be implemented in Mauritius.

“The site is a perfect illustration of our group`s development strategy in markets with strong growth potential,” he further added.

According to him Mauritius and the African continent in general sit at the core of this vision.

“We would like to thank the Mauritian authority for their trust and support and we assure them of our willingness to work together for the quick development of the ‘Plaine des Roches’ wind farm,” Jerome Billerey said.

“We are very pleased that the construction work on the site has already started after seven years,” Chief Executive Officer of ‘Plaines des Roches’ LTD, Cyril Oudin said.

In addition, Cyril Oudin believes that the initiative “is a strong indication of Mauritius engagement towards fossils energy and climate change.”

“Moreover, it is the first time that Mauritius will open up with a project capital of 49% coming from small shareholders of SIT, bringing a true democratization of the economy as ambitioned by the government while respecting transparency with the respect of all institutions involved,” he said.

“Furthermore, with a fix tariff for the next 20 years, the CEB will not be affected by the important price variations of fossil energy,” he concluded.

According to the Director of the State Investment Trust, this partnership falls in line with the diversification requirement of their portfolio but also the development of prosperous sectors to ensure the steady growth of the shares of their 55,000 shareholders.

Furthermore he said that Quadran will help in reinforcing the SIT engagement towards green energy.

“We have the responsibility to uphold the holdings of the company in an effective and optimal manner so as we can provide the maximum return to our shareholders.  From this perspective, we have identified the sector of renewable energy as a new pillar for sustainable growth,” he said.

About Quadran:

QUADRAN the global actor in renewable energy encompassing hydroelectricity, solar energy, wind energy and biogas. QUADRAN is active during the entire lifecycle of a power plant; from the identification to the demolition of the sites, including financing, construction and operational phases.

With 130 collaborators from 13 agencies and subsidiaries in France metropolitan and Outre-mer including Reunion Island,  QUADRAN has generated a turnover of €67, 5 million which is approximately Rs 25.6 billion in 2013.

 

 

 

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