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Reading: EETC poses 600 MW solar plant tenders west of Nile 
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Dailynewsegypt > Blog > Business > Energy > EETC poses 600 MW solar plant tenders west of Nile 
Energy

EETC poses 600 MW solar plant tenders west of Nile 

Mohamed Farag
Last updated: 2017/12/12 at 6:47 PM
By Mohamed Farag 2 Min Read
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Intro Energy is planning to launch several projects to produce electricity from renewable resources with investments of $100m within three years.
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The Egyptian Electricity Transmission Company (EETC) has posed a tender to establish solar energy plants west of the Nile, with a total capacity of 600 MW.
The EETC called on Arab and international companies to present the required documents for establishing the power projects.
The New and Renewable Energy Authority (NREA) will grant the selected company the right to use the allocated land for 25 years and the company will be responsible for designing, financing, and operating the plants with under a build, own, operate (BOO) scheme.
The total allocated land from the NREA is up to 7,600 sqkm, of which about 5,700 sqkm is allocated for wind farms, with the aim of producing 35,000 MW. It also allocated 1,950 sqkm for solar power plants with the aim of producing 54,000 MW.
According to sources at the EETC, the terms and conditions of the tender indicate that the bidding company should have established at least three solar power projects with a minimum capacity of 100 MW.

The bidding company should also provide documents indicating the cost of implementing the stations.
The sources added that the bidding companies must pay $10,000 to the EEETC as insurance. It set the middle of January as the deadline for the payment.
The EETC has determined the maximum price for purchasing energy from the proposed solar power projects at 3.8 piastres per kW.

The Ministry of Electricity aims to increase production from wind farms and solar power plants for the state to produce 20% of its power from renewable sources by 2022.

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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
TikTok updates its community guidelines
Business
Strong representation of women in TV series of Ramadan 2023
Strong representation of women in TV series of Ramadan 2023
Culture Cinema
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
IFC to invest in Mediterrania Capital Partners’ fund to support African mid-cap businesses
Business
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
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