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Tuesday, 16 January 2018

EETC to issue tender for 500 MW solar power projects in Aswan and Minya

The Egyptian Electricity Transmission Company (EETC) is preparing to issue a global tender at the end of January for 500 MW solar power plants in Aswan and Minya, Electricity Ministry sources tell Al Mal. The projects will be developed under a build-own-operate (BOO) framework, with the maximum feed-in tariff set at USD 0.038 per kWh, they added. In related news, the EETC issued a tender in December for a 20 MW, USD 70 mn solar power station in Hurghada that is being funded by the Japanese International Cooperation Agency. The agency stipulated that the project must be awarded to a Japanese or an Egyptian-Japanese consortium and stipulated that the Japanese side hold a stake of no less than 50%, sources tell the newspaper.

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