The Egyptian Electricity Transmission Company (EETC) signed a contract with EPS Electric Power Systems to prepare reports on the establishment of four transformer stations to transfer the electricity produced from solar plants in Benban, Aswan to the national grid.
A source at the Ministry of Electricity said the company was selected from four consulting offices that bid to prepare the reports. He noted that the company will hand in the reports in 30 days.
Investors had refused to pay the third instalment of the power purchase agreement of EGP 10m this month, saying they will delay the payment until the government hires a consulting company to prepare reports on the transformer stations.
The cost-sharing agreement is one of five agreements that investors who qualify to implement new and renewable energy projects on the feed-in tariff system must sign. The agreement provides for sharing the cost of linking the to-be-built solar power plants to the national grid, as well as the infrastructure on the project site in Benban.
All companies have paid EGP 20m of the total linkage costs of EGP 32m, in addition to 12.5% additional expenses.
The EETC also signed an agreement with KEC International Limited to establish a dual overhead electricity transmission line of 500 kV south of Helwan, east of Zahraa Maadi with a length of 100km.
Head of the EETC, Gamal Abdel Rahim, said the contract is worth EGP 622m that will be funded from the World Bank.
