March 21 (Renewables Now) - Italian company Enerray SpA and UAE-based Desert Technologies Industries Co Ltd will install three solar parks in Egypt with a combined capacity of 116 MWp.
The two companies were part of the joint ventures that developed the projects and will now act as joint engineering, procurement and construction (EPC) contractors, Enerray said in a press release. The photovoltaic (PV) farms will be located in Aswan province's 1.8-GW Benban solar complex. Two of them will have capacities of 25 MWp each, while the third one will be of 66 MWp. Construction is slated to begin in April.
Enerray and Desert Technologies aim to commission the PV parks in the second quarter of next year. The partners will also operate and maintain the plants, which will operate under a 25-year power purchase agreement with the Egyptian Electricity Transmission Company (EETC) at USD 71 per MWh.
The schemes were secured under round 2 of Egypt's feed-in tariff (FiT) programme and will be implemented with funds provided by the International Finance Corporation (IFC), the Asian Infrastructure Investment Bank (AIIB), CDC, the European Arab Bank (EAB) and the Green for Growth Fund.