Benban Solar Park Attracts Foreign Investors

Benban Solar Park Attracts Foreign Investors

The Minister of Electricity and Renewable Energy, Mohamed Shaker, said that the recently inaugurated Benban Solar Park attracted 32 foreign investors, with investments worth $2.2 billion, according to the Cabinet.

Shaker made the announcement during Moustafa Madbouly, the Prime Minister’s, visit to Benban Park in Aswan, accompanied by the Senegalese President, Macky Sall, in the presence of officials from the Ministry of Electricity and Renewable Energy.

The project involves several solar energy stations with capacity estimated by 1,465 megawatts (MW), which is equivalent to 90% of the generated energy from the High Dam.

Shaker added that the project’s stations have been connected and the Egyptian Electricity Transmission Company (EETC) succeeded in finalizing the establishment and operations of four transformer stations.

He pointed that the lengths of the aerial cables that were created to connect the generating stations to the National Electricity Network reached about 1,000 kilometers (km), and that the length of the double-circuit electrical line created with a four-conductor reached 195 km, aiming at unloading the capacity generated by Benabn Solar Energy Park on a 500 kiloVault effort, with investment valued at EGP 1.65 billion.

The minister explained that a center will be established to control and monitor the performance of the stations in Benban, at an estimated cost of EGP 100 million to efficiently operate the 1,465 megawatts generated from the park.


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