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Elsewedy Starts Two Solar Power Plants in Egypt

Power News - Published on Thu, 22 Aug 2019

Image Source: Zawya
Two solar photovoltaic power plants developed by Elsewedy Electric has reached full commercial operation in Egypt. The power plants were developed as part of Egypt’s Round II of the Renewable Energies Feed-in-Tariff programme for solar and wind energy projects launched by the Government of Egypt. The projects' capacity is 130 (2x65) MWp. The estimated annual 290 GWh of electricity produced by both projects will power more than 140,000 households while avoiding more than 120,000 tonnes of CO2 a year. The plants, located in Benban, Kom Ombo, Aswan Province, were developed jointly by Elsewedy Electric with Electricite De France’s EDF Renewables.

The projects, with a total investment of approximately USD 140 million, were granted USD 111 million funding by the European Bank For Reconstruction and Development and the French Proparco. The projects which will supply green energy to the off-taker, the Egyptian Electricity Transmission Company, under a 25-year power purchase agreement.

Mr Ahmed Elsewedy, president and CEO of Elsewedy Electric, said that “Having those two projects reaching commercial operation successfully today extends the IPPs-portfolio under Elsewedy Electric to include solar photovoltaic in addition to our existing wind and hydro IPPs being one of the pioneer-companies in the region with such diversified portfolio of investment and management to in renewable energies supplemented by our proven references as main EPC-contractor for the three technologies.”

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Posted By : Ratan Singh on Thu, 22 Aug 2019
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