Empower awarded contract for 1 MW WtE power plant in New Nubaria

Energy group Empower won a contract to establish a 1 MW waste-to-energy (WtE) plant in Behera’s New Nubaria City with initial investments of EGP 94 mn, CEO Hatem El Gamal tells Al Mal. The company will sell power to the Behera Electricity Distribution Company at a feed-in tariff of EGP 1.45 per kWh for 20 years, he adds. Work on the project, which is 80% funded by a loan from an unnamed local bank, is set to begin in April, and should be completed in 1H2019. Empower is also developing two 1 MW WtE plants in New Salhiya with initial investments of up to EGP 143 mn.