Egypt: 500MW of solar power in the pipeline for 2018Egypt’s ministry of power will offer tenders in the first quarter of 2018 for the development of solar power plants with a cumulative capacity of 500MW. Sources at the ministry told Daily News Egypt, that Arab and international companies presented their offers to the New and Renewable Energy Authority (NREA) and the Egyptian Electricity Transmission Company (EETC) to establish 100-200MW solar power plants. According to Daily News Egypt, sources said that tenders submitted will be through a Build, Own, Operate (BOO) scheme in Minya and Aswan. Solar power expansionIn October, European solar power producer Scatec Solar and partners, announced the financial close for six solar photovoltaic (PV) power plants in the Benban solar park in Aswan in Upper Egypt. According to head of the NREA Mohamed El-Khayat, the country's feed-in-tariff projects contributed to a significant leap in the field of renewable energy in Egypt, and that energy projects in Egypt are attractive to investments in the current and coming period, Daily News Egypt reported.

Source: Daily News Egypt December 07, 2017 07:07 UTC