Egyptian firm EETC has started the process of inviting companies to bid for the construction of 600 MW of PV capacity.
Egyptian firm EETC has started the process of inviting companies to bid for the construction of 600 MW of solar photovoltaic (PV) capacity.
EETC, the country’s transmission company, has issued a request for prequalification (RfP) to local and international companies interested in developing projects west of the Nile in the Minya and Aswan areas.
The projects will be developed under a build, own, operate (BOO) model, with project ownership transferred to the New and Renewable Energy Authority (NREA) after a period of 25 years.
The RfP document states that interested developers must have already completed three projects of at least 100 MW capacity each.
The projects will be a key part of Egypt’s plans to boost renewable energy capacity.
In October 2017 the country attracted $1.8 billion of investment from a number of financial organisations – including the World Bank and the European Bank for Reconstruction and Development (EBRD) – to finance the construction of 1.4 GW of solar power capacity.