The Egyptian Electricity Transmission Company (EETC) and the New and Renewable Energy Authority (NREA) have announced three new tenders for 500MW of new solar and wind capacity for the West Nile area of the country.
The first solar tender – totaling out to 200MW of installed PV capacity – will be offered to developers that boast experience in establishing three PV projects with a minimum capacity of 50MW each. Any potential bid must also include a bid bond for EUR 4 million (US$4.46 million).
The second tender – good for 50MW of installed concentrated solar power (CSP) capacity – can be bid on by developers possessing experience in constructing three CSP plants with a total capacity of 30MW each. The bid bond will be set at EUR 1 million (US$1.16 million).
Rounding out the tenders is a round dedicated to a total installed wind capacity of 250MW.
Both local and foreign developers are encouraged to place bids for the installations, which will produce energy that will be purchased by the EETC through a power purchase agreement (PPA).
In Egypt’s previous solar tender, bids for solar projects were twice oversubscribed – including 2GW of large-scale solar and 300MW of PV projects under 500kW.