China-based Chint Group has won an EPC contract from Saudi Arabia-based ACWA Power for establishing three solar photovoltaic power plants at Benban in Egypt within the Feed-in-Tariff (FiT) programme.
The contract was signed during the World Future Energy Summit in Abu Dhabi.
The three projects, worth $190m, will together generate 165.5MWp (Mega Watt peak). Located in Aswan Province at Benban, the projects will have a capacity to generate 67.5MWp, 70MWp and 28MWp individually.
Construction of the projects will begin in Q1 2018 and once the projects start operations in the fourth quarter of 2018, they will provide electricity to 80,000 houses and result in a saving of 156,000 tonnes of CO2 a year.
“These projects contribute to the target of obtaining 20% of energy requirements from renewable sources by 2022, set out by the Government of Egypt and the Ministry of Electricity and Renewable Energy (MoERE),” ACWA Power said in a statement.
ACWA Power president and CEO Paddy Padmanathan said: “Award of this contract triggers the engineering, procurement and construction of these three plants which also represent our first investment in Egypt.
“We are confident of our partner Chint Group delivering the plants to the highest quality and in a timely manner without compromising health, safety and environmental impact.
“We are excited to have entered the Egyptian power market through what we look forward to as the first three of many more assets to be developed in future.”
Chint Solar CEO Chuan Lu said: “Egypt is a growing market where significant change is happening in the renewables industry.
“We look forward to working with ACWA Power to deliver these significant projects that will contribute to the Egyptian government’s vision.”