The government has reportedly received 18 offers for 600 MW-worth of solar power projects it had tendered in the West Nile area last December, Al Borsa reports. The list of suitors includes Toyota Tsusho, Orascom, a Scatec Solar and Azuri Power consortium, as well as GCL New Energy, a Masdar-Genco consortium, NTPC Limited, and EDRA. The winning company establish one 600 MW station, two 300 MW stations, or three 200 MW stations under a BOO framework.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
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…