Egypt Power Market 2021-2035: Power Procurement is Evolving to Meet New Government Priorities padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Egyptâs Kom Ombo solar reaches belated milestones
Landmark PV project signals Cairoâs growing renewables ambitions
The development of Egyptâs clean energy industry has long moved in fits and startsâbuffeted by politics, economics and, latterly, the disruptions arising from a global pandemic.
However, the implementation of plans to build a major solar plant at Kom Ombo, near Aswan in Upper Egypt, has been particularly protractedâborn as a 100MW concentrated solar power project at the turn of last decade, morphing into ten 20MW photovoltaic (PV) plants, and emerging in its current form in 2016, when the governmentâs New and Renewable Energy Authority (NREA) invited developers to pitch for a single 200MW PV independent power project (IPP).
RIYADH: Egypt has signed $700 million worth of contracts for the Kom Ombo Solar Energy Complex, the chairman of the New and Renewable Energy Authority said.
Kom Ombo is located about 10 kilometers from the Benban Solar Energy Complex in Aswan Governorate, NREA chairman Mohammed El Khayat told Asharq Business.
It includes 32 solar energy projects with total foreign direct investment exceeding $2 billion. It has helped to create 10,000 jobs, he said.
The latest addition to Kom Ombo is a 200-megawatt Build-Own-Operate (BOO) facility, he said.
El Khayat also said that Egypt is working on a number of wind energy projects.
The sector has attracted financing from several different sources which he said reflected the attractiveness of the renewables sector in Egypt.
Egypt signs $700 renewable energy contracts in Kom Ombo Complex arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.