Spanish-Saudi cooperation in solar power plants

Spanish company “Acciona” and Saudi Arabia’s “Swicorp” entered into negotiations to build three solar power plants with a total capacity of 186 MW at the Benaban solar power complex in Aswan.

The two companies are expected to invest $ 180 million in the project. The two companies have 50% of the projects to be included in the second phase of the feed rate program for renewable energy projects.

Eneray has already announced that in April it will start construction of three solar plants at the Benban complex, with a total capacity of 116 megawatts, without disclosing the expected cost of the three plants.

The International Finance Corporation (IFC), the Asian Infrastructure Investment Bank , the Arab Bank-Europe and the Green Climate Fund , will participate in the financing.

Eneray has also reached a 25-year energy purchase agreement with the Egyptian Electricity Transmission Company (EETC) for $ 71 per megawatt-hour.

Arnaud Lefevre

Arnaud Lefevre

Arnaud Lefevre is the Chief Executive Officer of Dynatom International. Arnaud is in charge of the international development of the business portfolio.
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Don’t Stop Here

CGN presents in China-ASEAN Expo

The 15th China-ASEAN Expo and China-ASEAN Business and Investment Summit was held at Nanning International Convention and Exhibition Center in Guangxi, southwest of China. Vice

New Projects in China

According to the “Guidance and Suggestion on 2017 Energy work” published by China National Energy Administration (NEA) earlier this year: five nuclear units shall be

Scroll to Top