The Egyptian New and Renewable Energy Authority (NREA) will launch tender for the development of a 20MW solar power plant in Kom Ombo, Aswan, in cooperation with the French Agency for Development (AFD) which has offered to finance the construction of the solar power plant with a loan worth about $43m, reported Daily News Egypt.

The solar station is expected to connect around 40GW per hour to the national electricity grid and reduce the carbon impact resulting from generating this electricity. Furthermore, AFD’s financing will cover  the restructuring of the infrastructure, as well as operating and maintaining the plant for three years. Additionally, it includes training programs for NREA staff who will be responsible for implementing the project.

NREA signed an agreement with the consultative alliance of DNV, KEMA, and ERCC to conduct a technical and economic feasibility study for the project, along with an evaluation of its environmental and social impact.

Several Arab and international companies showed interest in competing for the tender, especially as it is financed by France. Companies will be chosen after reviewing their previous experience to determine the best on the technical and financial levels.