25 domestic and international companies have expressed their interest in bidding on a tender for a 50 MW solar power plant in Zaafarana, New and Renewable Energy Authority (NREA) sources said. The list of potential bidders includes PowerChina, Sterling & Wilson, Infinifity Solar, EDF, Scatec Solar, a First Solar-Elsewedy Electric consortium, GDF, Masdar, and Sky Power. The NREA will begin accepting offers for the project on 24 June, which will see the winning company establish the station under a build-operate-transfer framework. The project will be financed through a EUR 50 mn loan from German development bank KfW.
More from Enterprise
Four foreign funds line up USD 256 mn for Banque du Caire
London’s Redwheel is among the backers, nearly two weeks after…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
FRA and EGX eye law change to let LLCs and partnerships set up investment funds
Regulators want to keep Egyptian money from setting up funds…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…