Cairo – Mubasher: New and Renewable Energy Authority (NREA) has signed a contract with Germany’s INTEC Engineering GmbH to supervise the establishment of a 50-megawatt (MW) photovoltaic (PV) power plant in Zaafarana.
INTEC has submitted the best technical and financial offers in a tender launched by NREA, chairman of NREA Mohamed El-Khayat said in a statement on Wednesday.
The implementation of this power plant will be financed by a EUR 50 million soft loan from Germany’s KfW bank, he added.
Zaafarana PV power plant is forecast to have an annual production of about 90 million kilowatts/hour, which will help slash fuel consumption by 18,000 tonnes of oil equivalent every year and reduce carbon dioxide emissions by 50,000 tonnes a year.
