About Announcement of winning bid for cape verde energy storage
The Santiago Pumped Storage Project, which will be located in Chã Gonçalves, in the municipality of Ribeira Grande de Santiago and will cost around 60 million euros, promises to significantly increase energy storage capacity, thus making it possible to increase the country's electricity production capacity.
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3 FAQs about [Announcement of winning bid for cape verde energy storage]
Will the government of Cabo Verde pay for the Santiago hydro energy storage project?
On the basis of the Finance Contract and Investment Grant Agreement, the Government of the Republic of Cabo Verde intends to apply part of the proceeds toward payments under the contract for Design and Build of the Santiago Pumped Hydro Energy Storage Project.
Will dnice prequalify applicants for the Santiago pumped hydro energy storage project?
The National Directorate for Industry, Commerce and Energy (DNICE) of the Government of the Republic of Cabo Verde intends to prequalify Applicants for Design and Build of the Santiago Pumped Hydro Energy Storage Project, island of Santiago, Cabo Verde.
What is a Santiago pumped hydro energy storage grant?
The Grant shall be used exclusively to cover eligible costs incurred in respect of the Santiago Pumped Hydro Energy Storage Project.
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