EDF Renewables and Elsewedy Electric have commissioned two solar power plants with a combined capacity of 130 MW in the Benban solar power park, according to an EDF statement. The two companies began operating the plants in August under a 25-year power purchase agreement with the Egyptian Electricity Transmission Company (EETC). The two plants cost a total of USD 140 mn and were partially financed by the European Bank for Reconstruction and Development and the French Development Agency.
More from Enterprise
CIB says it received the green light to start due diligence on HSBC Egypt’s retail franchise
CIB is not the only potential suitor for HSBC’s retail…
Retail investors now have direct access to five EFG Hermes mutual funds
The move is the latest step in EFG Hermes’ push…
Under-construction data centers tap ratings to fund AI buildup
Developers are securing investment-grade ratings to unlock new pools of…
Bahrain’s Beban eyes Egypt launch with equity crowdfunding model
Mohamed Aboulnaga’s Foras AI raises stake as Beban seeks FRA…