Acwa submits lowest price in Egyptian Electricity Transmission Co’s 200 MW Kom Ombo solar plant tender

Acwa Power has submitted the best offer in the Egyptian Electricity Transmission Company’s (EETC) tender to build a 200 MW solar power plant in Upper Egypt’s Kom Ombo, offering to sell electricity to the state-owned company at a price of USD 0.0275 per KwH, sources from EETC tell the local press. The two sides are expected to sign the final contracts by the end of August. We noted in March that Acwa is planning to invest USD 3 bn in Egypt’s energy sector this year.

Correction: 14/05/2019.

A previous version of this article incorrectly stated that Acwa Power has offered to sell electricity at USD 0.275 per KwH.