latest News

Home North Africa Egypt Martifer to construct 25MW solar project in Egypt

Martifer to construct 25MW solar project in Egypt

Martifer Solar has announced that it will construct 25MW solar project in Egypt after signing memorandum of understanding (MoU) for a 60,26 ha of land  with National Renewable Energy Authority .

According to the government the  project will be carried at Minya south of Cairo and the company will use to  a feed-in tariff (FiT) program for both solar and wind energy to target 4.3 GW of new renewable capacity to be implemented by 2017.

Martifer Solar which is a subsidiary of Martifer SGPS, and their local partner, EEC Group, were given the contract after successfully biding for the same and they look forward to start the project in few days time.

The government of Egypt is looking into ensuring that they meet their power demand by at least getting 4.3 GW of new renewable capacity to be implemented by 2017.

This program is expected to help the government to reach its ambitious target of generating 20 percent of its energy from renewable sources by 2020.

The 2 GW of utility-scale solar under this FiT program will be constructed among three different land plots made available by the government for the developers. Martifer Solar and EEC Group have been granted land in Minya, which is approximately 245 km south of Cairo and is expected to host around 450 MW of solar PV plants, according to the companies.

Nuno Oliveira, Business Development Manager of Martifer Solar, said, “It is an honor for our consortium to have signed the MoU with NREA.

We anticipate that, once connected, this project will help Egypt to combat its growing power deficit. It is both a challenging and exciting venture to expand the solar business in another new country within Africa, where we believe that our significant international expertise will be the key driver for success in the region.”

 

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Do NOT follow this link or you will be banned from the site!