Acwa Power expects the third quarter of 2021 for the financial closing of the Kom ombo solar power plant (200 MW)

If the deadline does not follow any change, the start of commercial operations of this plant will take place in the third quarter of 2022, according to the update published on April 07.

The Saudi group Acwa Power hopes to reach the financial closing of the solar photovoltaic power plant project Kom Ombo (200 MW) in the third quarter of 2021 for commissioning in the third quarter of 2022, according to an update released on April 07.

The company proceeded Wednesday in Cairo to the “Finalization of contracts” of the project, like the 25-year electricity purchase contract and the grid connection contract.

The contracts were signed during a ceremony, at which the executives of Acwa Power, the Egyptian electricity transmission company (Egyptian Electricity Transmission Company in English, EETC) and the New and Renewable Energies Authority (New & Renewable Energy Authority in English, NREA) took part.

The cost of the works of this power station planned in Kom Ombo, in the governorate of Aswan, is 127.5 million dollars, of which about 81.2 million dollars in the form of debt.

The African Development Bank (BAD) and the European Bank for Reconstruction and Development (EBRD) will provide part of the project debt.

According to data from Acwa Power, the Kom Ombo plant will provide energy to around 130,000 households, and will prevent the release of 336,000 tonnes of CO2 into the atmosphere annually.

The Egyptian government’s strategy is to achieve 20% renewable electricity in the country by 2022 and 42% by 2035.

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