The price tag of Scatec’s Naga Hamamdi solar plant unveiled: Norwegian renewables developer Scatec’s planned solar plant to power EgyptAlum’s Nagaa Hammadi industrial complex will be set up with investments of USD 1.1 bn, according to a statement out last week. The project is part of the state-owned aluminum producer’s plan to ramp up production, comply with global sustainability and manufacturing standards, and lower its carbon footprint.

Double it: The solar plant will produce 2-GW worth of green power — double what was indicated last month when Scatec inked an agreement with the Public Enterprise Ministry to set up the project.

It also looks like Scatec will be footing the bill: The developer will finance the project, conduct the required studies, develop the plant, and install the needed equipment.

What’s next? The timeline initially saw Scatec finishing up the first 500-MW phase of the project within 17 months and the second phase within two years — neither Scatec nor the government have unveiled a new timeline in line with the plant's expanded capacity.

That’s not all that Scatec has got in store for Egypt: Scatec in December inked agreements with the government to establish a 1-GW solar and 200-MWh battery storage project — the first in the country — and a USD 1.1 bn green methanol project. The company is also working on a 50-100 MW green hydrogen project in Ain Sokhna in partnership with ammonia producer Fertiglobe and the Sovereign Fund of Egypt.

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