As many as 12 local and foreign companies are bidding in a tender launched by the Egyptian Electricity Transmission Company (EETC) to build a 200 MW solar plant in the West Nile Delta, the local press reports, quoting unnamed sources. The company’s include the UAE’s Masdar and Alcazar Energy, Saudi Arabia’s Al Fanar, Acwa Power, and Abdul Latif Jameel, Lekela Egypt, Alcazar, Orascom Construction, and France’s EDF Renewables. The tender was originally for a 600 MW project, but the EETC decided to split it into several parts.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…