ACWA Power will build three solar PV power plants in the Aswan Province of Egypt. All three of the solar PV power plants will be built in Benban.
The plants will fall under a Power Purchase Agreement ACWA signed with the government under the second round of the government’s Feed-in-Tariff (FiT) program.
ACWA expects to begin construction during Q4 and begin operations in 2018. Upon completion, the company is projecting that the solar facilities will produce 165.5 MW.
Under the terms of the agreement, ACWA is responsible for funding, constructing, and operating the facilities. The project is estimated to cost $190 million.