The New and Renewable Energy Authority (NREA) has contracted with Firnas Shuman to undertake the consultancy work for the construction of a 50MW solar power plant in cooperation with the Arab Fund for Economic and Social Development.
The NREA sources informed Daily News Egypt that the consultant will conduct a feasibility study for the construction of a solar power plant in Kom Ombo in Aswan. The completion of the study will take six to eight 8 months. The tender will be submitted to international and Arab companies within one month of the completion of the studies.
The total cost of constructing a 50MW solar power plant in Kom Ombo, Aswan, is about $86m. The Arab Fund for Economic and Social Development will contribute to the funding.
In a parallel context, the sources explained that DNVGL, consulted the establishment of a 50MW solar power station in Zafarana, funded by the Arab Fund for Economic and Social Development, sent preliminary reports to establish the project, and the process of selecting the implementation contractor is still in the study stage.
The NREA plans to build five solar power plants with a capacity of 200MW by photovoltaic cell system, by which solar energy will be converted to electricity through the use of solar panels, in cooperation with Japan International Cooperation Agency (JICA), the French Development Agency, and a number of foreign entities.
The NREA Head, Mohamed Al-Khayat, said that there is a strong demand from international financial institutions to invest and finance projects to generate electricity from solar and wind stations.
He pointed out that the ministry of electricity has developed a map showing the promising areas for operation, especially as Egypt has distinct areas for wind farms, especially in the Gulf of Suez.