Name of the Project
Kom Ombo solar project.
Location
Egypt.
Project Owner/s
ACWA Power.
Project Description
The Kom Ombo project involves the construction of a new 200 MW utility-scale power plant that will serve 130 000 households.
Potential Job Creation
Not stated.
Capital Expenditure
ACWA Power signed a $123-million financing package to develop the project in April 2023.
The package comprises loans of up to $36-million from the European Bank for Reconstruction and Development (EBRD), $14.6-million from the OPEC Fund, US$ 14.4 million from the African Development Bank (AfDB), $34.5-million from the Green Climate Fund, $14.8-million from Arab Bank and $10-million from the AfDB’s Sustainable Energy Fund for Africa under the COVID-19 independent power producer relief programme.
The project has equity bridge loans of $14-million from the EBRD and $45-million from the Arab Petroleum Investments Corporation.
Planned Start/End Date
The project is expected to be commercially operational in January 2024.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
ACWA Power marketing and communications, tel + 971 4 248 0800 or email comms@acwapower.com.