ACWA Power will to develop, finance, build, own and operate three solar photovoltaic power plants in Benban under Round 2 of the Feed-in-Tariff (FiT) program. The three projects with an aggregate capacity of 165.5 MWp and total investment value of c. US$ 190 million
The projects, which are located in the Aswan Province in Benban, will have capacity to generate 67.5 MWp, 70 MWp and 28 MWp individually. The projects are expected to achieve financial close and commence construction by Q4 2017. Once the projects start operations in 2018, they will power 80,000 houses while saving around 156,000 tons of CO2 a year.