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Wednesday, 30 November 2022

Gov’t reportedly looking to tender 200-MW worth of new Benban solar projects

Among the other stories we’re paying attention to this morning:

ENERGY-

A 200 MW solar tender in Benban? The New and Renewable Energy Authority is reportedly planning to issue a tender for one company to develop solar power plants with a combined production capacity of 200 MW across several land plots in Aswan’s Benban solar park, Amwal Al Ghad reports, citing Electricity Ministry sources. The authority is looking to reach financial close on the plants in 2023, the sources are quoted as saying. Local media has previously reported that the government will look to tender six solar projects with a combined 300-MW capacity in Aswan this year.

We’re expecting expansions at Benban: The European Bank for Reconstruction and Development is helping the government tender off more of the 350 MW of unutilized capacity at Benban, EBRD Managing Director Harry Boyd-Carpenter told us during COP27.

SUSTAINABILITY-

SODIC is out with its very first sustainability report: Our friends at SODIC published a sustainability report (pdf) showcasing their economic, environmental, social, and governance (EESG) strategy and measuring the company’s EESG impact in 2021. SODIC is currently conducting its first standalone carbon footprint report, the company says. EGX-listed firms and NBFS companies are now required to file mandatory annual ESG reports, following a decree from the Financial Regulatory Authority last year.

FINTECH-

EFG Hermes’ BNPL platform valU will offer payment solutions for customers at TotalEnergies service stations, according to a statement (pdf).

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