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
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…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
EGX30 gained 2.79% in 3Q, but September gave back most of its July-August run, with mid-caps falling the hardest
Small- and mid-cap indices widened their lead over the benchmark…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…