Benban ACWA Solar PV Park 1 is a 70MW solar PV power project. It is located in Aswan, Egypt. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in October 2019.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 70 | 70 | – | Active | Aswan, Egypt | International Company for Water and Power Projects; Zhejiang Chint New Energy Development |
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Description
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The project was developed by International Company for Water and Power Projects and Zhejiang Chint New Energy Development. ACWA Power Renewable Energy Holding, Zhejiang Chint New Energy Development and Al Tawakol Electrical Gila are currently owning the project having ownership stake of 32.81%, 25% and 14% respectively.
Benban ACWA Solar PV Park 1 is a ground-mounted solar project.
The electricitiy generated from the plant has offsetted 60,000t of carbon dioxide emissions (CO2) a year. The project cost is $77.5m.
Development Status
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By GlobalDataThe project got commissioned in October 2019.
Power Purchase Agreement
The power generated from the project is sold to Egyptian Electricity Transmission under a power purchase agreement. The power is sold at the rate of $0.078kWh for a period of 25 years.
Contractors Involved
CHINT Group was selected to render EPC services for the solar PV power project.
The First National Operation & Maintenance is the O&M contractor for the solar PV power project.
About International Company for Water and Power Projects
International Company for Water and Power Projects (ACWA Power) is a developer, investor, and operator of power generation, renewable energy and desalinated water production plants. It supplies electricity and potable water to its customers in the region. It generates power through coal, thermal, oil, gas, solar and wind technologies. ACWA Power also offers operation and maintenance services to power and water desalination industry through its subsidiary, the First National Operations & Maintenance Company. The company has operations across the Middle East, Africa and Asia. ACWA Power is headquartered in Riyadh, Saudi Arabia.
About Zhejiang Chint New Energy Development
Zhejiang Chint New Energy Development Co Ltd (Astronergy) is a producer and supplier of solar equipment. The company offers inverters, transformers, cables, control systems, power distribution cabinets, PV (Photovoltaic) modules and power stations. It builds rooftop, residential, large scale ground mounted, agriculture and aquaculture complementary solar systems. Astonergy provides project design, procurement, construction and maintenance services. The company constructs and operates power stations in China, the US, South Korea, Thailand, Spain, India, South Africa, Philippines and other countries. It operates production facilities in Thailand; Hangzhou and Haining, China. Astronergy is headquartered in Hangzhou, Zhejiang, China.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
