The New and Renewable Energy Authority (NREA) of Egypt has established end-2022 as the target date for the construction of a 20 MW solar photovoltaic (PV) power plant near Hurghada on the Red Sea coast in Egypt.
The technical and economic feasibility study has already been completed by Egypt's Ministry of Electricity, and an agreement has been reached with the Japan International Cooperation Agency (JICA) for a loan in the amount of US$85 million (EUR 83.06 million) to finance the implementation of the project.
All of the necessary approvals have already been obtained and NREA has finished performing the preparatory work on the site to the north of Hurghada where the power plant will be constructed.
Country updates
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June 23, 2022
ACWA Power to develop 1.1 GW onshore wind project in Egypt
ACWA Power has signed a US$1.5 billion project agreement to build a 1.1 GW onshore wind farm project in Egypt.
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MOU signed for US$4bn waste-to-hydrogen facility on the Suez Canal
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50 MW Zaafarana PPP solar project in Suez to go online in Q3
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Masdar, Hassan Allam Utilities plan to develop 4 GW green hydrogen hubs on the Red Sea and the Mediterranean coasts
Masdar and Hassan Allam Utilities have signed two memorandums of understanding (MoUs) to collaborate on the development of green hydrogen production plants in the Suez Canal Economic Zone (SCZone) and...
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March 23, 2022
AMEA Power in talks for US$265mn debt financing for 500 MW Abydos solar project
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