- Press Releases
August 2 (Renewables Now) - A project for a 20-MW solar power plant near Hurghada on Egypt's Red Sea coast is making progress with construction set to start by the end of 2022, newspaper Al-Masry Al-Youm reports, citing sources from the country's New and Renewable Energy Authority (NREA).
Egypt's Ministry of Electricity has already completed a technical and economic feasibility study and a loan of USD 85 million (EUR 83.06m) has been agreed with the Japan International Cooperation Agency (JIKA) to finance the implementation of the project.
The necessary approvals are already in place and NREA has completed the preparatory works on the site north of Hurghada where the power plant will be built, the sources were cited by the paper.
Apart from the Hurghada solar park, Egypt is nearing the completion of another large-scale solar project in the Zaafarana area of the Suez Governorate on the Red Sea coast. The 50-MW solar farm developed by a Belectric-CCC consortium is set to go online in the third quarter of this year, according to an earlier statement by NREA.
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