Back to the complete issue
Thursday, 17 October 2019

Egypt to inaugurate Benban solar park in November

Egypt will inaugurate the USD 2 bn, 1.4 GW Benban solar energy park in Aswan at the end of November, Electricity Minister Mohamed Shaker said, Al Mal reported. Twenty-nine plants have already been linked to the national grid and began commercial operations. Egypt aims to produce 20% of its energy needs from renewable sources by 2022 and 42% by 2035.

In related news: Scatec Solar has connected the last of its six 65 MW solar power plants in the Benban solar power park to the national grid, the company said in a statement. The company had connected the fifth plant early last month. Scatec Solar’s plants in Benban will generate an estimated annual 870 GW of electricity when fully operational.

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.