Belectric and CCC sign contract for Egypt solar project

Belectric and CCC sign contract for Egypt solar project

6 Apr 2021

A consortium of Germany’s Belectric and Athens-headquartered Consolidated Contractors Company (CCC) has been awarded a contract to build and operate a 50MW photovoltaic (PV) solar plant in Zafarana, Egypt

A consortium of Germany’s Belectric and Athens-headquartered Consolidated Contractors Company (CCC) has been awarded a contract to build and operate a 50MW photovoltaic (PV) solar plant in Zafarana, Egypt.

The consortium signed the contract with Egypt’s New & Renewable Energy Authority (Nrea) on 5 April. Egypt’s Electricity Minister Mohammed Shaker attended the signing ceremony in Cairo.

The project will be funded by German Development Bank (kfW).

The project is part of Egypt’s ambitious target for 20 per cent of the total energy produced in the country to come from renewables by 2022 and for this to increase to 42 per cent by 2035.

In February, Energy & Utilities reported that India’s Sterling & Wilson had been awarded a contract worth $127.5m for the engineering, procurement and construction (EPC) contract on a major solar project in Kom Ombo, Egypt.

Saudi Arabia’s Acwa Power signed the power purchase agreement (PPA) for the Kom Ombo PV IPP on 30 October 2019.

 

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