Egypt’s Electricity Ministry has signed a 25-year power purchase agreement with Norway’s Scatec to enable delivery of electricity from six solar projects totaling 400MW. These will be built at Benban near Aswan in Upper (southern) Egypt.
Scatec says the plants are expected to generate 870GWh of electricity per year and will be developed under the 2GW solar feed-in-tariffs launched by Cairo in 2015. Scatec will partner with local developers and Norwegian investment house KLP Norfund. (CONTINUED - 327 WORDS)
