JICA funds so­lar power plant in Hurghada with $60m

Ten­der to be of­fered to launch project mid next year

The Daily News Egypt - - Business -

The Ja­panese In­ter­na­tional Co­op­er­a­tion Agency (JICA) has ap­proved fund­ing a so­lar power plant in Hurghada for $60m af­ter the project was halted for over two years.

Mo­hamed El Khayat, the chair­per­son of the New and Re­new­able En­ergy Au­thor­ity (NREA), said that con­tract­ing took place with an ad­vi­sor of the project to es­tab­lish a so­lar power plant of 20 mw ca­pac­ity.The ten­der will be of­fered for Arab and in­ter­na­tional com­pa­nies to launch the project mid next year.The ex­ec­u­tive reg­u­la­tions will be com­pleted in Fe­bru­ary.

He ex­plained that the JICA has com­pleted the project’s fea­si­bil­ity study and pro­vided a $1.5m grant to place equip­ment in the plant’s lo­ca­tion with the aim of mea­sur­ing the so­lar emis­sions to be sure about the project’s fea­si­bil­ity dur­ing dif­fer­ent times of the year and cal­cu­late the ex­pected pro­duc­tion at the im­ple­men­ta­tion. Part of the fi­nanc­ing is al­lo­cated for de­vel­op­ing the cen­tres of NREA.

The plant is con­sid­ered the fifth of its kind af­ter El Ko­ray­mat plant of 20 MW ca­pac­ity, Kom Ombo of 200 MW, Kom Ombo of 200 MW, Hurghada of 20 MW, with a to­tal 280 MW ca­pac­i­ties.

A source in the Min­istry of Elec­tric­ity re­vealed that there were ne­go­ti­a­tions with the JICA that fo­cus on tech­ni­cal co­op­er­a­tion to ben­e­fit from the Ja­panese tech­nol­ogy es­pe­cially in coal-fired elec­tric­ity gen­er­a­tion plants. With the last ex­change of ex­per­tise be­ing the visit of an Egyp­tian del­e­ga­tion to Tokyo.The del­e­ga­tion is com­posed of rep­re­sen­ta­tives of the Egyp­tian Elec­tric­ity Hold­ing Com­pany, the Min­istry of Elec­tric­ity and the En­vi­ron­men­tal Af­fairs agency, with the aim of ben­e­fit­ing from the Ja­panese ex­pe­ri­ence in the field.

He ex­plained that sev­eral Ja­panese banks agreed to finance a project to en­hance the ser­vices of elec­tric­ity dis­tri­bu­tion com­pa­nies.It is ex­pected to pay the al­lo­cated loan on sev­eral por­tions start­ing next month.

The Min­istry seeks to pro­duce 20% of elec­tric­ity through new and re­new­able sources by 2020 through com­pet­i­tive ten­ders and di­rect con­tract­ing sys­tems in ad­di­tion to the feed-in tar­iff projects of 4200 MW, with in­vest­ments worth $7.5bn.

The plant is con­sid­ered the fifth of its kind af­ter El Ko­ray­mat plant of 20 MW ca­pac­ity, Kom Ombo of 200 MW, Kom Ombo of 200 MW

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