Egyptian New and Renewable Energy Authority (NREA) has pre-selected three independent power producers for the development and implementation of Zaafarana solar project.
Pre-selected bidders are Nari Solar Energy Technology Co, a Chinese company; Vikram Solar, a company based in Calcutta, India; and the German company BELECTRIC Solar & Battery GmbH. Elecnor and its partner TCK Solar have also applied for the development of the solar project but were rejected for “technical reasons”. Pre-selected teams must submit their respective financial offers before July 25, 2019. The Egyptian Electricity Transmission Company (EETC) will review their proposals and negotiate the feed-in tariff.
The 50 MW Zaafarana solar photovoltaic plant will be located near the Red Sea in Egypt. It is supported by Norfund, a Norwegian government-private equity firm; Africa50, an investment fund of the African Development Bank (AfDB); and the European Bank for Reconstruction and Development (EBRD). The Netherlands Development Finance Corporation (FMO) is also set to provide support for the project.
Country updates
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June 24, 2019
Egypt's finance ministry prepares law for participation of the private sector
The Finance Ministry in Egypt has prepared a draft law to amend some provisions on regulating the participation of the private sector in infrastructure projects, utilities, and public servic...
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June 19, 2019
Egypt extends tender deadline for 6th of October Dry Port
The Ministry of Finance of Egypt has extended the deadline for the three pre-qualified consortia to respond to the request for proposal (RFP) for the 6th of October Dry Port project in Giza. ...
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February 26, 2019
Three bidders receive RFP for 6th of October Dry Port
Egypt's Finance Ministry has issued a Request for Proposals for the development of a dry port in 6th of October, a suburb located to the west of Cairo, to the following three bidding teams:...
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January 16, 2019
First close for AfDB-sponsored Off-Grid Energy Access Fund
The Off-Grid Energy Access Fund (OGEF) has reached its first close with committed capital of US$58 million from the African Development Bank, the Nordic Development Fund, the Global Environment F...
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December 17, 2018
Egypt to launch second phase of PPP programme
The Government of Egypt is reportedly planning to issue new concessions for the second phase of the government programme. Under this programme, the PPP unit of Egypt will issue tenders for schools, dr...
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