Egyptian utility company, Egyptian Electricity Transmission Company (EETC), signed a PPA with Elsewedy Electric to develop, fund, establish, and operate a 50-MW solar plant in Benban, Aswan, under the terms of the second phase of the feed-in-tariff (FiT) program.
Elsewedy Electric was qualified in October 2016 to establish solar power plants in Benban, Egyptian Minister of Electricity and Renewable Energy, Mohamed Shaker, said. He added that the financial closure of the solar power plants will be ready within a year, while the financial closure of wind farms will be completed in a year and half.
The Ministry of Electricity has signed PPA agreements with 18 firms to execute projects with a total capacity of 870 MW, Shaker noted.