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As part of the Government of Egypt’s Feed-In Tariff (FIT) program launched in late-2014 for both solar and wind renewable energy project, Phoenix Power 1 project will include a 62 MW Solar Power Plant located in Bin Ban, Egypt. The project will be constructed near Luxor and Aswan region in the country and will sell generated power to the Egyptian Electricity Transmission Company (EETC) at a rate of 14.35 cent per KWh.
The project is expected to begin the construction phase in November 2016 and be completed by July 2017, followed by 25 years of operation. This is one of the many power projects that Egypt is carrying out in an effort to improve the currently struggling power sector affected by frequent power black outs.
This project is in line with the Egyptian Renewable Energy National Strategy, approved in 2008, to satisfy 20% of the generated electricity by 2020 using renewable energies, as well as fits in the Egyptian Solar Plan, approved in 2012, which includes adding 3500 MW (2800 MW CSP, 700 MW PV) of Solar Energy by 2027
Expected date of project completion: Q3 2017
PV Project Capacity: 62 Mega Watts Peak (MWp)
PV Project Length: 1.1 million m²
PV Farm will:
One of the leading Lebanese energy companies Phoenix Energy is now set to construct one of the largest solar power plant in Egypt after clinching a contract for the same.
Lebanese group Phoenix Energy has won a contract from the Egyptian government to build a big solar power farm near Luxor and Aswan region in the country
Lebanese group Phoenix Energy, has won a contract from the Egyptian government to build a big solar power farm near Luxor and Aswan region in the country.
Phoenix Energy, a subsidiary of Indevco Group, has signed a contract with the Egyptian Government to build a solar power farm near Luxor and Aswan.
Project Egypt 2016
Phoenix Power 1 s.a.e
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This website is owned and operated by Phoenix Group, an affiliate of INDEVCO Group. INDEVCO’s core businesses include diversified manufacturing and industrial consultancy services. Our suppliers, prospects, and customers are located throughout North America, South America, Europe, the Middle East, Africa, South Asia, and the Far East. We produce converting machinery, raw materials, and packaging, as well as consumer and away-from-home disposables, and renewable energy products. In addition, we trade in complementary products.
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