Name of the Project
Solar power projects.
Location
The project will be located in the Benban Solar Park, near Aswan, Egypt.
Client
Egyptian Electricity Transmission Company (EETC).
Project Description
This solar power project will increase Egypt’s power generation capacity, reduce the country’s dependence on gas and fuel for electricity generation, and will help the country meet its commitments under the Paris Climate Agreement as it moves towards an environmentally sustainable energy mix.
The project will comprise 11 greenfield solar power plants with an aggregate capacity of 490 MW.
The project will avoid the emission of more than 500 000 t/y of carbon dioxide.
Potential Job Creation
Not stated.
Value
The Asian Infrastructure Investment Bank (AIIB) will provide $210-million in debt financing to tap Egypt’s renewable-energy potential.
Duration
Not stated.
Latest Developments
None stated
Key Contracts and Suppliers
AIIB (loan finance).
On Budget and on Time?
Not stated.
Contact Details for Project Information
EETC, tel +20 2 2261 8579, fax +20 2 2684 3824 or email info@eetc.net.eg.