By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Egypt to issue new bonds for climate, social goals
    Egypt to issue new bonds for climate, social goals
    September 27, 2023
    Saudi Public Investment Fund eyes stake in Palm Hills Development
    Saudi Public Investment Fund eyes stake in Palm Hills Development
    September 27, 2023
    UNDP, MBRF launch online learning initiative for Arab countries
    UNDP, MBRF launch online learning initiative for Arab countries
    September 27, 2023
    Egypt Post invests in Roaderz platform to enhance e-commerce, delivery services
    Egypt Post invests in Roaderz platform to enhance e-commerce, delivery services
    September 27, 2023
    GAFI to grant 45 more golden licences to boost investment
    GAFI to grant 45 more golden licences to boost investment
    September 27, 2023
  • Politics
    PoliticsShow More
    Egypt’s Irrigation Minister highlights climate challenges for water sector
    Egypt’s Irrigation Minister highlights climate challenges for water sector
    September 27, 2023
    CCCPA, Senghor University join forces for African peace, development
    CCCPA, Senghor University join forces for African peace, development
    September 27, 2023
    Arab League chief urges more funding, investment for food security
    Arab League chief urges more funding, investment for food security
    September 27, 2023
    Egypt denounces Houthi attack on Bahraini forces in Saudi Arabia
    Egypt denounces Houthi attack on Bahraini forces in Saudi Arabia
    September 27, 2023
    vPalestine urges international action to end Israeli occupation, crimes
    Palestine urges international action to end Israeli occupation, crimes
    September 26, 2023
  • Interviews
    InterviewsShow More
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    September 18, 2023
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    September 14, 2023
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    September 12, 2023
    India welcomes Egypt's BRICS membership: Boosting trade, investment, and access to strategic commodities
    India welcomes Egypt’s BRICS membership: Boosting trade, investment, and access to strategic commodities
    September 11, 2023
    The box office is not a measure of success: Basma Hassan
    The box office is not a measure of success: Basma
    September 6, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: El Sewedy, EDF start commercial operation of 2 solar stations in Benban
Share
Notification
Latest News
Egypt to issue new bonds for climate, social goals
Egypt to issue new bonds for climate, social goals
Business
Saudi Public Investment Fund eyes stake in Palm Hills Development
Saudi Public Investment Fund eyes stake in Palm Hills Development
Business
Egypt’s Irrigation Minister highlights climate challenges for water sector
Egypt’s Irrigation Minister highlights climate challenges for water sector
Politics Egypt
CCCPA, Senghor University join forces for African peace, development
CCCPA, Senghor University join forces for African peace, development
Politics
Arab League chief urges more funding, investment for food security
Arab League chief urges more funding, investment for food security
Politics Egypt
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Energy > El Sewedy, EDF start commercial operation of 2 solar stations in Benban
Energy

El Sewedy, EDF start commercial operation of 2 solar stations in Benban

Daily News Egypt
Last updated: 2019/08/20 at 8:57 PM
By Daily News Egypt 2 Min Read
Share
SHARE

Elsewedy Electric has started commercial operation of two solar photovoltaic projects that were developed within the second phase of the government-initiated feed-in tariff for solar and wind power.

Elsewedy Electric entered into an equal partnership with the EDF’s subsidiary, EDF Renewables, to develop, finance, build, own, and operate two projects in Benban, Aswan governorate, about 830 km south of Cairo, with a capacity of 130MW, providing power to more than 140,000 households and preventing more than 120,000 tonnes of CO2- equivalent emissions annually.

The two projects have investments of about $140m, with loans of $111m financed by the European Bank for Reconstruction and Development (EBRD) and the French Finance Corporation (Proparco) of the French Development Agency Group. Both financiers contributed equally in financing the two projects that supply clean energy to the Egyptian Electricity Transmission Company (EETC) under a 25-year energy purchase contract.

Ahmed El-Sewedy, CEO and managing director of El-Sewedy Electric, said the commercial operation of the two projects makes the company’s portfolio as the owner and supplier of renewable energy sources extending to photovoltaic solar as well as wind and energy.

The EETC buys the energy at 8.4 piasters per kw/h. The payment includes 30% calculated at the exchange rate when the tariff was issued, and 70% at the exchange rate on due date.

The Ministry of Electricity aims to produce 20% of the total electricity through new and renewable sources of energy by 2022, and the percentage will increase to 47% in 2037.

You Might Also Like

Eni plans to invest $7.7bn in Egypt’s energy sector

El-Dabaa Nuclear Power Plant: Egypt permits construction of plant’s final unit

UAE oil giant ADNOC acquires 30% stake in Azerbaijan’s offshore gas field

Saudi Arabia, Kuwait reiterate claim to disputed gas field

Power cuts continue in Egypt, as government announces ‘energy-saving plan’

TAGGED: Benban, Elsewedy Electric, solar stations
Share this Article
Facebook Twitter Email Print
Previous Article Lekela Power completes financial closure of Ras Ghareb wind farm
Next Article MIIC praises Mineral Wealth Law’s amendments
Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Egypt to issue new bonds for climate, social goals
Egypt to issue new bonds for climate, social goals
Business
Saudi Public Investment Fund eyes stake in Palm Hills Development
Saudi Public Investment Fund eyes stake in Palm Hills Development
Business
Egypt’s Irrigation Minister highlights climate challenges for water sector
Egypt’s Irrigation Minister highlights climate challenges for water sector
Politics Egypt
CCCPA, Senghor University join forces for African peace, development
CCCPA, Senghor University join forces for African peace, development
Politics
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?