ACWA Power, Saudi company has agreed with India’s Sterling and Wilson that it will take over the construction work of the 200 MW Kom Ombo solar plant inplace of Mahindra.
ACWA Power was in negotiations with Sterling and Wilson and two Chinese companies, but the Indian company was the preferred contractor, Informed sources have told Daily News Egypt.
It has already worked with ACWA Power to implement projects in Morocco, with a capacity of 170 MW, it added.
The contract for Kom Ombo solar power plant is due to be signed before the end of this month, sources said.
Diaa El-Din Salah, Regional Director in Egypt and North Africa at Sterling and Wilson, told Daily News Egypt that negotiations are nearing completion on ACWA Power’s Kom Ombo solar plant. This also covers the 220 kV transformer station to connect the plant to the national grid.
ACWA Power will sell the plant’s output at 2.48 piasters per kw/h over the project’s lifespan, which is also the lowest price offered by the Egyptian Electricity Transmission Company (EEHC) since the announcement of the renewable energy development plan, which began in 2014.
The station is being implemented using “two-sided” technology, through which solar cells are manufactured to allow the absorption of light on both sides.
Government aims to reach renewable energy contribution of Egypt’s energy mix to 20% by 2022.