The three projects come under the feed-in tariff system established by the Egyptian Administration in call for tender Round 2, published in October 2016. Overall, they will produce clean energy equivalent to the consumption of around 150,000 Egyptian homes and avoid the emission of 297,000 tonnes of CO2 per annum from fuel-oil power plants.
The power generated will be supplied to the utility Egyptian Electricity Transmission Company (EETC) under a long-term PPA contract (25 years) governed by the conditions set in Round 2. Finance for the operation has been agreed with International Finance Corporation (IFC), a World Bank body, and with Asian Infrastructure Investment Bank (AIIB), both specialized in financing private projects in emerging countries.
The construction work, which has already started, will last for an estimated 12 months until the start-up of the plants. Each one will be equipped with 190,774 polycrystalline silicon modules of Astronergy technology (Chint group), mounted on horizontal-axis tracking structures manufactured by STI Norland.