Back to the complete issue
Monday, 30 April 2018

OC, Elsewedy, Masdar, ACWA compete for EGP 3.5 bn solar park in West Nile

It appears that 15 high profile renewable energy companies will be bidding on a tender next week to build and operate a EGP 3.5 bn 200 MW-capacity solar farm in the West Nile area, Electricity Ministry sources tell Al Mal. Leading the pack are a consortium made up of Elsewedy Electric and EDF, Orascom Construction, Scatec Solar, Masdar and ACWA Power. On a related note, the ministry appears to have postponed a tender to develop a EUR 200 mn wind farm in the West Nile area to the end of May from March. Sources say there are 13 companies that will be contending for the contract.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.