Elsewedy Electric S.A.E (SWDY), a leading Integrated Energy and Infrastructure Solution Provider in the Middle East and Africa, reached the full commercial operation for its two solar photovoltaic power plants developed as a part of Egypt’s Round II of the Renewables Energies Feed-in-Tariff program for solar and wind energy projects launched by the Government of Egypt.
Elsewedy Electric, jointly and equally with Electricite De France’s EDF Renewables, developed, financed, built, own and will operate the two projects located in Benban, Kom Ombo, Aswan Provenance, approximately 830km south-Cairo. The projects capacity is 130 MWp. The estimated annual 290 GWh of electricity produced by both projects will power more than 140,000 households while avoiding more than 120,000 tons of CO2 a year.
The projects with a total investment value of approximately US$140 million, were granted finance amounting US$11 million from the European Bank for Reconstruction and Development (EBRD) and the French PROPARCO (Groupe Agence Française de Développement – AFD). Both reputable financiers have equally financed the projects which will supply green energy to the off-taker, the Egyptian Electricity Transmission Company (EETC), under a twenty-five years power purchase agreement (PPA).
Country updates
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August 21, 2019
Lekela reached financial close for 250 MW West Bakr wind project in Egypt
Lekela has reached financial close on its 250 West Bakr Wind project located 30 kilometers north-west of Ras Ghareb, in the Gulf of Suez. The project is part of the Egyptian Government&rsquo...
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July 18, 2019
Egypt's NREA pre-selected 3 teams for Zaafarana solar project
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 bidder...
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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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