Back to the complete issue
Tuesday, 15 December 2020

A good day for renewable energy

Government entities are pushing ahead with solar stations in Zaafarana, Aswan: The New and Renewable Energy Authority will sign within days a EUR 36 mn contract with Germany’s Belectric to establish a 50 MW solar power plant in Zaafarana, sources told the local press. Separately, the Electricity Ministry signed a contract with Emirati energy firm Al Nowais to increase the capacity of the solar energy stations that will be implemented in Kom Ombo, Aswan to 500 MW instead of 200 MW, the local press reported. The contract allows Al Nowais to obtain additional land and sets the tariff for energy generated at USD 0.02 per kwH.

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. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of Commercial International Bank (tax ID: 204-891-949), the largest private-sector bank 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; and Act Financial (tax ID: 493-924-612), the leading activist investor in Egypt; and Abu Auf (tax ID: 584-628-846), the leading health foodmaker in Egypt and the region.