20 regional and international companies have expressed their interest in bidding for solar power projects in West Nile with a combined production capacity of 600 MW, Al Borsa reports. The companies include Scatec Solar, an Elsewedy Electric-Marubeni consortium, PowerChina, ACWA Power, and SkyPower. The Egyptian Electricity Transmission Company (EETC) had tendered the project last month, which will see the winning company establish one 600 MW station, two 300 MW stations, or three 200 MW stations. Interested developers who have prior experience will be allowed to submit their technical and financial bids until 19 February. The developers will also be required to pay the EETC EGP 10k by 19 February as a downpayment.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…