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Arab Republic of Egypt

Construction of a 50 Megawatt Photovoltaic Power Station in
the City of Kom Ombo

Loan No.:

638

Interest Rate:

2.5 %

Beneficiary:

New & Renewable Energy Authority

Grace Period:

4 years

Project Cost:

KD 34.5 million

Maturity:

30 years

Amount of Loan:

KD 26.0 million

Repayment:

53 semi-annual installments

Date of Loan Agreement:

18/04/2017

First Installment:

4 years following the first disbursement

Date of Effectiveness:

-


Objectives:

The project aims at satisfying the increasing demand for electricity in the Arab Republic of Egypt by constructing a 50 Megawatt Peak (MWp) photovoltaic power (PV) station near the city of Kom Ombo in the governorate of Aswan, which benefits from a high level of annual global horizontal irradiation in the projectís location.

Description:

The project, which is expected to be completed by the end of 2019, comprises the procurement and installation of a photovoltaic power station and its interconnection with the unified electricity grid, including civil works, technical services and supervision of project execution, in addition to institutional support. The project includes the following main components:

  1. Generation Station Equipment and Devices: This includes design, manufacture, procurement, and installation of photovoltaic cell modules, inverters, transformers, protection and control systems, spare parts and all accessories.
  2. Civil Works: This includes the execution of all station civil works.
  3. Interconnection with the Unified Power Grid: This comprises the procurement and installation of power line towers, aerial power lines, circuit breakers and accessories, and transformers to interconnect the solar PV station to the unified power grid, along with related civil works.
  4. Technical and Consulting Services: This includes technical services needed to design the project, preparation of tender documents, bid analysis, assistance in contracting procedures and projectís execution supervision.
  5. Institutional Support: This includes development and update of the New & Renewable Energy Authorityís administrative, financial, and information systems and training of staff.

Financing:

The Arab Fundís loan covers about 75% of the total project cost. The Egyptian Government will cover the remaining cost of the project and any additional cost that may arise.


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