The Electricity Ministry is planning to sign contracts with Eni for a USD 50 mn solar power plant in Abu Rudeis in April, ministry sources tell Al Borsa. Contracts for the project, which Eni announced back in 2016 (pdf) and is part of its renewable energy development strategy, were expected to have been completed by December last year. Eni had called on contractors to bid on construction of the 50 MW PV plant and has already begun receiving offers from 23 companies, including Orascom Construction and Elsewedy Electric, the sources added. Eni had said that the project would be implemented along with state-owned Petrobel.

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