The New and Renewable Energy Authority qualified five companies in the tender that was launched for the construction of a power plant in Kom Ombo, Aswan. The plant will have a capacity of 20MW and will be built in cooperation with the Agence Francaise De Developpement (AFD), reported Daily News Egypt.

The qualified firms include Sterling and Wilson, TBEA Energy, and Shanghai Electric, along with a Spanish company and an Egyptian company. In the tender, TBEA Energy had submitted two offers; however, one of them was ruled out.

The NREA will request technical and financial offers from the five shortlisted companies in May 2017. Meanwhile, AFD will provide a loan of around $42.98m to finance the project. The funding amount is planned to be used in rehabilitation of infrastructure and a contract for the operation and maintenance of the plant for three years, as well as a training program.

The Kom Ombo project consists of photovoltaic cells that convert solar light into direct current, as well as converters that convert direct current into alternate current.