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NREA to sign €36m contract with Belectric for 50MW Zaafarana solar plant

Posted: December 15, 2020 at 3:31 pm   /   by   /   comments (0)

Government entities are pushing ahead with solar stations in Zaafarana, Aswan: The New and Renewable Energy Authority will sign within days a EUR 36 million contract with Germany’s Belectric to establish a 50 MW solar power plant in Zaafarana, sources told the local press.

Separately, the Electricity Ministry signed a contract with Emirati energy firm Al Nowais to increase the capacity of the solar energy stations that will be implemented in Kom Ombo, Aswan to 500 MW instead of 200 MW, the local press reported.

The contract allows Al Nowais to obtain additional land and sets the tariff for energy generated at USD 0.02 per kwH.