{"id":638687,"date":"2017-10-11T03:54:17","date_gmt":"2017-10-11T03:54:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/elsewedy-electric-to-financially-close-on-benban-solar-power-plant-in-10-days\/"},"modified":"2017-10-11T03:54:17","modified_gmt":"2017-10-11T03:54:17","slug":"elsewedy-electric-to-financially-close-on-benban-solar-power-plant-in-10-days","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/11\/elsewedy-electric-to-financially-close-on-benban-solar-power-plant-in-10-days\/","title":{"rendered":"Elsewedy Electric to financially close on Benban solar power plant in 10 days"},"content":{"rendered":"

Elsewedy Electric plans to reach financial close on its USD 70 mn solar power plant in Benban in 10 days, CEO Ahmed Elsewedy tells Al Borsa<\/a>. Work on the project, which will be funded through the European Bank for Reconstruction and Development and the French Development Agency, will begin in 1Q2018, he added. The company has already signed the power purchase agreement with the Electricity Ministry and received land for the project.<\/p>\n","protected":false},"excerpt":{"rendered":"

Elsewedy Electric plans to reach financial close on its USD 70 mn solar power plant in Benban in 10 days, CEO Ahmed Elsewedy tells Al Borsa. Work on the project, which will be funded through the European Bank for Reconstruction and Development and the French Development Agency, will begin in 1Q2018, he added. The company […]<\/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":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-638687","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b555cb91-b785-4a8d-a8fa-7d18db9406b7","order":"0","is_powered_by":true,"section_story_id":"9f41a6cd-e5c0-4965-962e-c0e20454733a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[638654],"teaser":"","voice_url":""},"yoast_head":"\nElsewedy Electric to financially close on Benban solar power plant in 10 days - 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\/2017\/10\/11\/elsewedy-electric-to-financially-close-on-benban-solar-power-plant-in-10-days\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elsewedy Electric to financially close on Benban solar power plant in 10 days\" \/>\n<meta property=\"og:description\" content=\"Elsewedy Electric plans to reach financial close on its USD 70 mn solar power plant in Benban in 10 days, CEO Ahmed Elsewedy tells Al Borsa. Work on the project, which will be funded through the European Bank for Reconstruction and Development and the French Development Agency, will begin in 1Q2018, he added. 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The two plants, which cost a combined USD 140 mn project, were built by ElSewedy\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":594015,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/16\/edf-elsewedy-commission-130-mw-solar-power-plants-in-egypts-benban\/","url_meta":{"origin":638687,"position":1},"title":"EDF, Elsewedy commission 130 MW solar power plants in Egypt\u2019s Benban","author":"enterpriseam admin","date":"16 October 2019","format":false,"excerpt":"EDF Renewables and Elsewedy Electric have commissioned two solar power plants with a combined capacity of 130 MW in the Benban solar power park, according to an EDF statement. The two companies began operating the plants in August under a 25-year power purchase agreement with the Egyptian Electricity Transmission Company\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597467,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/28\/elsewedy-to-complete-power-line-in-egypts-benban-solar-complex-september\/","url_meta":{"origin":638687,"position":2},"title":"Elsewedy to complete power line in Egypt\u2019s Benban solar complex September","author":"enterpriseam admin","date":"28 July 2019","format":false,"excerpt":"Elsewedy Electric will complete in September a 185 km, 500 kV overhead power line to connect Benban 3, a transformer station in Benban\u2019s solar park, to the grid through Naga Hamady in Upper Egypt, sources from the Electricity Ministry told the press. The transmission line, for which Elsewedy signed a\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641244,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/17\/elsewedy-awarded-solar-project-in-benban-costs-usd-70-mn\/","url_meta":{"origin":638687,"position":3},"title":"Elsewedy awarded solar project in Benban, costs USD 70 mn","author":"enterpriseam admin","date":"17 September 2017","format":false,"excerpt":"Elsewedy Electric was awarded a photovoltaic solar energy power plant project in Benban, Aswan, under the second phase of the feed-in tariff program, according to a bourse release. The project comes at an investment cost of USD 70 mn and will produce 65 MW annually. Project funding will be provided\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593379,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/26\/elsewedy-eetc-ink-egp-687-mn-contract-to-expand-toshka-2-benban-3-substations\/","url_meta":{"origin":638687,"position":4},"title":"Elsewedy, EETC ink EGP 687 mn contract to expand Toshka 2, Benban 3 substations","author":"enterpriseam admin","date":"26 November 2019","format":false,"excerpt":"Elsewedy Electric subsidiary Elsewedy Electric for Trading and Distribution has signed a EGP 687 mn contract with the Egyptian Electricity Transmission Company (EETC) to expand the Toshka 2 and Benban 3 substations, Elsewedy said in a statement (pdf). The project, which will be completed in 12 months, is a precursor\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":649789,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/08\/elsewedy-in-talks-for-benban-solar-power-plant-loan-transformer-stations\/","url_meta":{"origin":638687,"position":5},"title":"Elsewedy in talks for Benban solar power plant loan, transformer stations","author":"enterpriseam admin","date":"8 March 2017","format":false,"excerpt":"Elsewedy Electric is in talks with financial institutions for a loan to fund its 50 MW solar power plant project in Benban as part of the feed-in tariff (FiT) program, according to a bourse filing. 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