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Tuesday, 11 August 2020

Egyptian consortium lands contract to set up West Africa’s largest solar plant

A consortium of EMG subsidiary ELF Energy and Structural and Geotechnical Research Centre (SGRC) was awarded a contract to build a 200 MW solar power plant in West Africa, SGRC founder Sherif Ezzat said. Ezzat did not specify the country where the plant will be built, or the value of the contract. The plant is set to be the largest in the westernmost region of the continent, and will be 70% financed through loans from unnamed international development institutions and 30% self-financed by ELF and SGRC, Ezzat added. The consortium will deliver the project on a build–own–operate–transfer (BOOT) basis, selling electricity to the host government at USD 0.07 per KwH for the first 25 years, according to Ezzat.

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