The objectives are to increase Egypt’s generation capacity by exploiting its vast renewable energy potential and help the country to meet its power demand and to reduce the dependence on gas and fuel for electricity generation and move to a more balanced and environmentally sustainable energy mix.
The project consists of 11 photovoltaic solar power plants (the Sub-projects), 9 x 50MWac and 2 x 20MWac, all to be located in the Benban Solar Park near Aswan, with an aggregate power generation capacity of 490MWac. The solar power plants will be developed by different Sponsors and all output generated will be sold to the Egyptian Electricity Transmission Company (EETC) under a 25-year Power Purchase Agreement.
For more information about project financing, please review the below project summaries.
For more information, please refer to Section IV section in the project summary documents.
Senior Portfolio Monitoring Specialist
Please review the below Project Summaries for more information about the borrowers