Benban PV IPP Benban PV IPP Benban PV IPP

Benban PV IPP

Benban PV IPP

Benban PV IPP

ACWA Power developed, financed, built, own and operated three solar photovoltaic power plants in Benban under Round 2 of the Feed-in-Tariff (FiT) program. The three projects (Benban 1, Benban 2 and Benban 3) with an aggregate capacity of 120 MWp and the total investment value of US$ 185 million.

 

The projects, which are located in the Aswan Province in Benban generates the below listed capacities: 

  • Benban 1 generates 50 MWp (ACWA Power's shares 32.81%)
  • Benban 2 generates 50 MWp (ACWA Power's shares 32.81%)
  • Benban 3 generates 20 MWp (ACWA Power's shares 18.05 %)

 

The projects achieved financial close and commence construction by Q4 2017. Once the projects start operations in 2019, which powers approximately 80,000 houses while saving around 156,000 tons of CO2 a year.

KEY FACTS

  • LOCATION
    Aswan Province in Benban, Egypt
  • OFFTAKER
    Egyptian Electricity Transmission Company (EETC)
  • POWER
    120 MW
  • TECHNOLOGY
    Solar PV
  • PROJECT COST
    US$ 185 million
  • COMMERCIAL OPERATIONAL DATE
    Q3 2019
  • OFFTAKE CONTRACT
    PPA-BOO-25 YR
  • OPERATOR
    NOMAC
  • PROJECT COMPANY
    ACWA Benban One for Energy ("Benban")