According to an EBRD press release, the new plant, Kom Ombo, will add 200 MW of energy capacity, serving 130,000 households and further increasing the share of renewable energy in Egypt. The five signatories will provide funding for the project, which will be located approximately 20 kilometers from African’s largest solar park, the Benban complex. ACWA power, the company responsible for Benban, won the Egyptian government’s tender to construct and operate the plant. Kom Ombo will be the company’s fourth project in Egypt. Kom Ombo will be our third project with ACWA Power and it exemplifies great cooperation between government, development finance and private-sector actors.”“The Kom Ombo solar project is a truly remarkable transaction.

Source: Egypt Independent April 22, 2021 13:18 UTC