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
  • ACWA POWER SHARE
    59.51%
  • OFFTAKE CONTRACT
    PPA-BOO-25 YR
  • OPERATOR
    NOMAC
  • PROJECT COMPANY
    ACWA Benban One for Energy ("Benban")