Gulf Oil and Gas accountACCOUNT

TSK to Build a New Solar Park in Egypt

Source: www.gulfoilandgas.com 9/14/2018, Location: Africa

The signing took place of a contract valued at 20 million euros for TSK to build a solar park in southern Egypt. This 26 megawatt (MW) photovoltaic power plant will be located in Kom Ombo, in the southern province of Aswan, and will cover an area of 500,000 square meters when the works are completed, foreseeably by mid-2019.

"The plant is expected to produce 53,000 megawatt-hours (MWh) per year, which will save around 12,000 tons of fuel and prevent the emission of 30,000 tons of carbon dioxide," said the CEO of the Renewable Energy Authority of Egypt, Mohamed el Khayat, quoted by the official agency Mena.

The price of energy produced in the plant amounts to $ 3.2 per kilowatt-hour, according to the same source.

The project will be financed through a loan of 40 million euros from the French Development Agency. These funds will also be used to finance other renewable energy projects in Egypt.

The agreement is part of Egypt's strategy to diversify sources of power generation, which plans to produce 20% of renewable energy by 2022 and 30% by 2015.

This contract adds to the other projects that TSK is building in the country, currently exceeding 400 MW in execution.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Photovoltaic Solar Energy News in Egypt >>

Algeria >>  11/26/2018 - A partnership agreement between the Sonatrach and Asmidal-Manal groups, and the Chinese groups led by the Citic Company to carry out an integrated pro...
Algeria >>  11/25/2018 - ALGER The National Hydrocarbons Company Sonatrach and the Italian group Eni signed in Algiers several cooperation agreements, particularly in the fiel...

Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

Related Articles: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 


Egypt Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.