The plant will power 130,000 homes with solar energy and offset 280,000 tonnes of carbon emissions annually
ACWA Power, a leading international developer and operator of power generation and water desalination facilities from Saudi Arabia, recently signed a Power Purchase Agreement (PPA) with the Government of Egypt to develop, finance, construct and operate the Kom Ombo photovoltaic plant, which will yield a capacity of 200 MW.
The signing took place under the patronage of Dr. Mostafa Madbouly, Prime Minister of Egypt; Osama Naqli, the Ambassador of the Kingdom of Saudi Arabia at Egypt; and Dr. Mohamed Shaker, Egyptian Minister of Electricity and Renewable Energy.
The PPA was signed by Rajit Nanda, Chief Investment Officer, ACWA Power, and Eng. Sabah Mashaly, Chairman of the Egyptian Electricity Transmission Company, in the presence of senior executives from ACWA Power and delegates from the Egyptian Ministry of Electricity and Renewable Energy.
Construction is expected to be completed during the first quarter of 2021. Once operational, the plant will cater to the power needs of 130 thousand households, in addition to offsetting 280 thousand tons of carbon dioxide per year.
“The signing of today’s project is a crucial building block that contributes to the Egyptian government’s vision which aims to upscale sustainable energy security by moulding a balanced energy mix,” remarked Dr. Mohamed Shaker, Minister of Electricity and Renewable Energy, Egypt.
The construction and development of new PV plants in Egypt bolsters the efforts of the Ministry of Electricity and Renewable Energy to increase the overall capacity of renewable energy to 20% by the year 2020.
