Alfanar – Solar Power Plant 50 MW – Egypt - Project Profile
"Alfanar – Solar Power Plant 50 MW – Egypt - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Alfanar Group (Alfanar) is planning to build a solar power plant in Egypt.
The project involves the construction of a 50MW solar farm. It includes the construction of a substation and related infrastructure, the installation of solar panels, generators and transformers, and the laying of transmission lines.
On April 27, 2015, Alfanar signed a memorandum of understanding (MoU) with the New and Renewable Energy Authority for the development.
In June 2016, Alfanar signed the agreement with Qatar National Bank Egypt for loan of amount US$89.8 million for the project.
Alfanar secured non-recourse finance od US$55 million for the project from the European Bank for Reconstruction and Development (EBRD) and the Islamic Corporation for the Development of Private Sector (ICD).
In May 2017, the project secured financial closure and Alfanar have signed a power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC).
The project involves the construction of a 50MW solar farm in Egypt.
The US$100 million project includes the following: