Kom Ombo solar photovoltaic plant, Egypt
Name of the Project
Kom Ombo solar photovoltaic (PV) plant.
Location
Egypt.
Project Owner/s
Investor and operator of power generation and desalinated water plants ACWA Power.
Project Description
Kom Ombo PV will be one of the biggest privately developed utility-scale solar plants in Egypt.
The project entails the design, development and construction of a 200 MW solar PV plant and will cater to the power needs of 130 000 households and offset 336 000 t/y of carbon dioxide, once completed.
Potential Job Creation
Not stated.
Capital Expenditure
Financial closure of the project is scheduled for the third quarter of 2021, after obtaining a $40-million senior debt financing and a $14-million equity bridge loan from the European Bank of Reconstruction and Development, in addition to a $27.2-million loan from the African Development Bank to finance the construction, development and design of the solar PV project.
Planned Start/End Date
Construction of the plant is expected to start in the third quarter of 2021.
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.
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