Egypt: BenBan complex, Aswan Governorate
- US $150m
About the Project
Access Power has been awarded two 50MWac PV projects through the Feed-in-Tariff Program launched by Egypt's Ministry of Electricity and the New & Renewable Energy Authority (NREA). The two projects will be located in Benban, Aswan.
Access Power is currently in the final stages of securing the debt financing for these two projects. Construction of the PV plants is expected to start in late-2017 and take 12 months to complete.
Each of these two plants will generate roughly 143 GWh/year, contributing to the reduction of more than 100 000 t/year of carbon dioxide. The plants will be connected to the 220 kV high-voltage line linking Aswan to Cairo. Once fully developed, the Benban solar facility will be one of the largest solar power parks in the world.
Energy overview: Egypt
Egypt is rich in natural resources and according to the US Energy Information Administration, it is the largest non-OPEC oil producer in Africa and the second largest dry natural gas producer on the continent. However, energy production in Egypt has been steadily declining since 2009 due to shortages in natural gas supply and oil production being unable to keep up with the energy demand. These shortages have led to frequent electricity blackouts in the country as well as decreasing exports. Even though more than 99% of the population has access to electricity, Egypt is in the verge of an energy crisis.
The rising demand for electricity and falling hydrocarbons output have in recent years transformed the country from exporter to importer of oil and gas, a shift that poses a substantial threat to its economy.
In February 2008, the Egyptian government adopted a New National Renewable Energy Strategy which sets out a target to generate 20% of the country's electricity from renewable resources by 2020.
← Goto project listing page