16 Jan ACWA hands $190 million EPC contract to Chinese firm for Egyptian solar plants
Saudi Arabian energy firm ACWA Power has awarded an Engineering, Procurement and Construction (EPC) contract to China’s Chint Group for the development of three solar PV plants in Egypt.
The US$190 million contract forms part of ACWA’s Feed-in-Tariff (FiT) programme for the projects, which will generate a combined maximum of 166MW of renewable energy.
The plants are located in Benban, Aswan Province and will contribute to the North African nation’s target of generating 20% of its total energy requirements from renewable sources by 2022.
“We are confident of our partner Chint Group delivering the plants to the highest quality and in a timely manner without compromising health, safety and environmental impact,” said Paddy Padmanathan, president and CEO of ACWA Power.
“We are excited to have entered the Egyptian power market through what we look forward to as the first three of many more assets to be developed in future.”
Construction has been scheduled to start during the first quarter of 2018 with operations set to begin by the end of the year.
the solar energy generated at the plants will power 80,000 houses a year, saving 156,000 tonnes of CO2 annually.