Egypt- Electricity Ministry to launch solar projects under a...| MENAFN.COM

Saturday, 29 January 2022 04:48 GMT

Egypt- Electricity Ministry to launch solar projects under auction scheme in Zaafarana

(MENAFN- Daily News Egypt) The Ministry of Electricity considers establishing 200MW solar projects in Zaafarana, Red Sea governorate, under the auction scheme.

The New and Renewable Energy Authority (NREA) has restored the land plots previously allocated for companies to launch solar power stations within the feed-in tariff programme and will reallocate them to build the proposed power plants, sources in the ministry told Daily News Egypt.

They pointed out that discussions between the NREA and the Egyptian Electricity Transmission Company (EETC) are underway to implement these projects. The lands will be allocated through the NREA while the other procedures of selecting companies and purchasing energy are to be conducted through the EETC.

The sources revealed that the EETC is currently working on the completion of two other auctions in West Nile area for the establishment of the 450MW solar and wind stations.

Furthermore, the sources pointed out that the EETC studies all the proposed projects. It currently focuses on ending the crisis of increased cost-sharing fees imposed on investors of solar energy feed-in tariff projects in Benban, Aswan.

The Ministry of Electricity aims to produce 20% of Egypt's energy from new and renewable sources by 2022, and seeks to open the way for the private sector to invest in such projects.

The NREA plans to boost renewable electricity capacity to about 10GW by 2022 though implementing new projects in cooperation with the private sector.


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