Benban 50MW solar photovoltaic power plant

5/8/2016
Project development

$ 115 million

Announced

5/8/2016


Overview:

  • TAQA Arabia Solar Energy is developing a $115 million solar photovoltaic (PV) project in the New and Renewable Energy Authority’s (NREA) 37.2km2 Benban 1GW PV solar park.
  • It will comprise a 206 400-PV-panel, single-axis tracking system, with an estimated capacity of 50MW.
  • The project includes the construction of a 1km 22kV underground transmission line connecting the project to the nearest of four Egyptian Electricity Transmission Company (EETC) high-voltage substations.
  • All power generated will be acquired by the EETC under a 25-year power purchase agreement.
  • TAQA Arabia is a subsidiary of Qalaa Holdings.

Jon Moore - Journalist

Jurisdiction:

Egypt

Deal type:

Project development

Practice area:

Project development

Governing law:

Egypt

Industry sector:

Energy


Firm:

Party: TAQA Arabia (Project developer)