Name: SHAPOORJI PALLONJI 50 MW SOLAR PV PROJECT - EGYPT FIT ROUND 2
Approval date: 04-Sep-2017
Task Manager: AMMAR Tarek Saleh Mostafa, PESD0
Total cost: 52914750 Currency: UAC
Source(s) of financing AfDB: 8466384.92 Cofinanced: 4938724.54
Implementing Agency: --
Design, construction and operation of a 50 MW solar power project (the "Project") to be implemented under the Egyptian Solar Photovoltaic Feed-in Tariff ("FiT") Program Round-2, an initiative where the Government of Egypt ("GoE") seeks to implement 2,300 MW of Solar PV projects. The Project will be constructed in Benban, 40km north of Aswan, and where the direct solar radiation is 2,280 kWh/m2. The Egyptian Electricity Transmission Company ("EETC") will construct the required substations and transmission lines with interconnection cost of EGP 0.53m per MW. Financial close is expected in October 2017, and construction is expected to last approximately one year.