Egyptian New and Renewable Energy Authority (NREA) has pre-selected three independent power producers for the development and implementation of Zaafarana solar project.
Pre-selected bidders are Nari Solar Energy Technology Co, a Chinese company; Vikram Solar, a company based in Calcutta, India; and the German company BELECTRIC Solar & Battery GmbH. Elecnor and its partner TCK Solar have also applied for the development of the solar project but were rejected for “technical reasons”. Pre-selected teams must submit their respective financial offers before July 25, 2019. The Egyptian Electricity Transmission Company (EETC) will review their proposals and negotiate the feed-in tariff.
The 50 MW Zaafarana solar photovoltaic plant will be located near the Red Sea in Egypt. It is supported by Norfund, a Norwegian government-private equity firm; Africa50, an investment fund of the African Development Bank (AfDB); and the European Bank for Reconstruction and Development (EBRD). The Netherlands Development Finance Corporation (FMO) is also set to provide support for the project.
Country updates
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July 01, 2019
Scatec Solar reaches commercial operation for its third 65 MW power plant in Egypt
Scatec Solar and partners have grid connected and reached commercial operation for another 65 MW of the 400 MW Benban project in Egypt. The Benban solar power plant is Scatec Solar’s largest pr...
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June 19, 2019
OPIC to finance US$87 million for 250 MW Egyptian wind project
The Overseas Private Investment Corporation (OPIC) will support the development of 250 MW wind project in Egypt through a financing of US$87 million. The wind farm is located in the Gulf of Suez, app...
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May 06, 2019
First part of 400 MW solar PV project in Egypt enters commercial operation
Scatec Solar and partners have grid connected and reached commercial operation for 65 MW of their 400 MW Benban project in Egypt. The Benban solar power plant is Scatec Solar’s largest project u...
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February 26, 2019
150 MW solar PV project in Egypt to commence commercial operation
ACCIONA Energía and Swicorp have completed the assembly of three photovoltaic plants in Egypt with a maximum capacity of 186 MWp (150 MW rated). They will enter commercial service in the next f...
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February 14, 2019
Lekela Power signs PPA for 250 MW wind project in Egypt
Lekela has announced that it has signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) for its 250 MW wind farm project in the Gulf of Suez.
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