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UAE’s Al Nowais to establish 700MW renewable energy plants in Egypt - Daily News Egypt

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UAE’s Al Nowais to establish 700MW renewable energy plants in Egypt

The Emirati company would build a 200MW solar plant in Kom Ombo region of Aswan with $200m investments, and the EETC would buy the plant’s production at about 2.48 piasters per kWh


The Egyptian Electricity Transmission Company (EETC) and Al Nowais Investments will sign an agreement on Tuesday to build $750m renewable energy plants in Egypt, with a total capacity of 700MW, a senior official in the Electricity Ministry told Daily News Egypt.

The Emirati company would build a 200MW solar plant in Kom Ombo region of Aswan with $200m investments, and the EETC would buy the plant’s production at about 2.48 piasters per kWh.

Al Nowais would also establish a 500MW wind farm in the Jabal Al-Zayt area with $550m investments, and the EETC would purchase the electricity produced from the project at about 3.1 piasters per kWh.

Earlier in October, the Electricity Ministry cancelled Al Nowais’ coal-fired power station project in Oyoun Mousa, however, the Emirati company notified the government of its desire to rather implement renewable energy projects.

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https://dailyfeed.dailynewsegypt.com/2019/12/10/uaes-al-nowais-to-establish-700mw-renewable-energy-plants-in-egypt/
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