{"id":591622,"date":"2019-12-11T04:23:48","date_gmt":"2019-12-11T04:23:48","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/al-nowais-to-build-two-renewable-energy-plants-worth-egp-16-bn\/"},"modified":"2019-12-11T04:23:48","modified_gmt":"2019-12-11T04:23:48","slug":"al-nowais-to-build-two-renewable-energy-plants-worth-egp-16-bn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/al-nowais-to-build-two-renewable-energy-plants-worth-egp-16-bn\/","title":{"rendered":"Al Nowais to build two renewable energy plants worth EGP 16 bn"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- Al Nowais to build two wind, solar energy plants worth EGP<\/strong> 16 bn:<\/strong> Egypt yesterday signed an agreement with UAE\u2019s Al Nowais Investments to build two renewable energy plants worth a combined EGP 16 bn, according to a cabinet statement<\/a>. The company will build a 200 MW solar plant in Aswan and a 500 MW wind plant in Ras Ghareb. The plants will be built under a build-own-operate framework that will see Egypt pay 2.48 cents per KW of solar energy and 3.1 cents per KW of wind power. Al Nowais will begin work on the plants in 1Q2020, unnamed Electricity Ministry sources tell the local press<\/a>. Reuters also had the story<\/a>.<\/p>\n

Background:<\/strong> Al Nowais bid in October<\/a> to build USD 700 mn in renewable energy plants just two weeks after Egypt pulled the plug on the company\u2019s USD 4 bn, 2.65 GW coal station in Oyoun Mousa. The ministry cited cost, the country\u2019s electricity surplus and the government\u2019s focus on renewables as reasons for killing the project, which had been through more than three years of planning and negotiations.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- Al Nowais to build two wind, solar energy plants worth EGP 16 bn: Egypt yesterday signed an agreement with UAE\u2019s Al Nowais Investments to build two renewable energy plants worth a combined EGP 16 bn, according to a cabinet statement. The company will build a 200 MW solar plant in Aswan and a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[10930,244,72,4388,151,2380,90],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591622","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-al-nowais-investments","tag-electricity","tag-enterpriseam","tag-ras-gharib","tag-renewables","tag-speed-round","tag-uae","wpautop","entry"],"acf":{"mongo_id":"c77e1178-a15a-4ad9-9278-04b1321a690a","is_powered_by":true,"section_story_id":"2f3626e0-f47a-45c7-b9b2-e39d9585e95d","story_type":"1","photo_url":"","photo_position":"above","related_issue":[591604],"teaser":"","voice_url":""},"yoast_head":"\nAl Nowais to build two renewable energy plants worth EGP 16 bn - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/al-nowais-to-build-two-renewable-energy-plants-worth-egp-16-bn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Al Nowais to build two renewable energy plants worth EGP 16 bn\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- Al Nowais to build two wind, solar energy plants worth EGP 16 bn: Egypt yesterday signed an agreement with UAE\u2019s Al Nowais Investments to build two renewable energy plants worth a combined EGP 16 bn, according to a cabinet statement. The company will build a 200 MW solar plant in Aswan and a […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/al-nowais-to-build-two-renewable-energy-plants-worth-egp-16-bn\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-11T04:23:48+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/al-nowais-to-build-two-renewable-energy-plants-worth-egp-16-bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/al-nowais-to-build-two-renewable-energy-plants-worth-egp-16-bn\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Al Nowais to build two renewable energy plants worth EGP 16 bn\",\"datePublished\":\"2019-12-11T04:23:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/al-nowais-to-build-two-renewable-energy-plants-worth-egp-16-bn\/\"},\"wordCount\":188,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Al Nowais investments\",\"electricity\",\"EnterpriseAM\",\"Ras Gharib\",\"renewables\",\"SPEED ROUND\",\"UAE\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/al-nowais-to-build-two-renewable-energy-plants-worth-egp-16-bn\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/al-nowais-to-build-two-renewable-energy-plants-worth-egp-16-bn\/\",\"name\":\"Al Nowais to build two renewable energy plants worth EGP 16 bn - 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