EDF EN Benban PV plant

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The project entails the construction and operation of a 50 MW solar farm in Benban, Aswan governorate in Upper Egypt. The installation was selected in Round 2 of Egypt’s FIT scheme and will sell power to local utility Egyptian Electricity Transmission Company (EETC) under a 25-year contract. The solar park will be located at the 1.8 GW Benban solar complex. EDF Energies Nouevelles, an EDF Group company, and the Egyptian manufacturing company Elsewedy Electric are sponsoring the project. This is a greenfield project initiated on a BOO basis with a predetermined tariff rate. It was reported that the project is being financed by the European Bank for Reconstruction and Development (EBRD) and Proparco in equal amounts - $27.75 million each. The remaining cost is covered with equity ($18.5 million). Total investment in the plant is estimated at around $74 million. http://www.ebrd.com/work-with-us/projects/psd/edf-en-benban-pv.html https://www.pv-magazine.com/2017/11/02/edf-partners-with-elsewedy-electric-on-100-mw-of-solar-in-egypt/ https://www.proparco.fr/en/edf-en-elsewedyaswan-solar-21