Name of the Project
Benban solar photovoltaic (PV) power plants.
Location
The projects are located at Benban, in Egypt’s Aswan province.
Client
Acwa Power.
Project Description
Acwa Power has reached financial close on three solar PV projects under Round 2 of Egypt’s feed-in-tariff programme II, with an aggregate capacity of 165.5 MW.
The three plants will generate 67.5 MWp, 70 MWp and 28 MWp respectively.
The new installed capacity will power 80 000 houses and provide a saving of 156 000 t/y of carbon dioxide.
Potential Job Creation
Not stated.
Value
The three solar plants will cost $190-million, of which 75% will be financed through a non-recourse project debt from the European Bank for Reconstruction and Development.
Duration
The construction of the projects will start in the first quarter of 2018, and operations in the fourth quarter.
Latest Developments
None stated.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
Acwa Power director corporate communications, Jon Barber, tel +971 4 2480 952, fax +971 4 2446 232 or email JBarber@ACWAPower.com.