Two solar photovoltaic (PV) power plants developed by Elsewedy Electric, a leading integrated energy and infrastructure solution provider in the Middle East and Africa, and partners has reached full commercial operation in Egypt.
The power plants were developed as part of Egypt’s Round II of the Renewable Energies Feed-in-Tariff (FiT) programme for solar and wind energy projects launched by the Government of Egypt, said a statement.
The plants, located in Benban, Kom Ombo, Aswan Province, were developed jointly by Elsewedy Electric with Électricite De France’s EDF Renewables.
The projects' capacity is 130 (2x65) 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 tonnes of CO2 a year, it added.
The projects, with a total investment of approximately $140 million, were granted $111 million funding by the European Bank For Reconstruction and Development (EBRD) and the French Proparco (Groupe Agence Française de Développement - AFD).
The projects which will supply green energy to the off-taker, the Egyptian Electricity Transmission Company (EETC), under a 25-year power purchase agreement (PPA).
Ahmed Elsewedy, president and CEO of Elsewedy Electric, said: “Having those two projects reaching commercial operation successfully today extends the IPPs-portfolio under Elsewedy Electric to include solar photovoltaic in addition to our existing wind and hydro IPPs being one of the pioneer-companies in the region with such diversified portfolio of investment and management to in renewable energies supplemented by our proven references as main EPC-contractor for the three technologies.” – TradeArabia News Service