(AFP Photo)
By Mohamed Farag
The New and Renewable Energy Authority (NREA) allocated 51 pieces of land to establish solar and wind energy generation stations at a capacity of 2,450 MW, according to NREA Head Mohamed Salah Sobky.
Sobky said the authority offered lands in Beynban in Aswan to 41 companies, and an alliance to establish solar energy stations with a capacity of 1,950 MW. Ten companies acquired lands in the Gulf of Suez to build wind stations with a 500 MG capacity.
The list of the companies involved includes Orascom Telecom, Sun Infinite Energy, Alfanar, and TK Energy, amongst others. These companies will build solar and wind energy stations which will create between 20 MW and 50 MW per project.
An agreement to provide lands to five new and renewable energy companies will be signed within the next week to build stations with 300 MW power. Sobky said that after providing lands to the new and renewable energy companies, studies will continue. Each company will present the documents to the Egyptian Electric Utility and Consumer Protection Regulatory Agency, to receive the temporary licence for the activity at the site.
Sobky also said that the agreement to purchase energy for the projects will be signed with investors in August, in addition to other agreements on dividing the costs of linkage to the company.
According to Sobky, the Ministry of Electricity will follow up with the investors on the steps and executive procedures of implementing the projects until the financial closure of the projects is completed. He added that the NREA allocated lands to companies that have their documents ready, until they reach the planned capacities at 4,300 MW.
He noted that the documents needed to establish the station include: an initial feasibility study for the project; a letter of guarantee from a bank with 1% estimated investments for the project; whose investments are at $1.5m for each megawatt; as well as $1.3m for each megawatt of wind energy.
