21 April 2016
Martifer Solar, a subsidiary of Martifer SGPS, and their local partner, EEC Group, were qualified by the Egyptian authorities to develop a 25 MWn solar plant. The companies have signed a MoU with NREA (National Renewable Energy Authority) for availing a 60,26ha land plot in Minya to build the plant.
The Government of Egypt has adopted a feed-in tariff (FiT) program for both solar and wind energy to target 4.3 GW of new renewable capacity to be implemented by 2017. This program is expected to help the government to reach its ambitious target of generating 20 percent of its energy from renewable sources by 2020.
The 2 GW of utility-scale solar under this FiT program will be constructed among three different land plots made available by the government for the developers. Martifer Solar and EEC Group have been granted land in Minya, which is approximately 245 km south of Cairo and is expected to host around 450MW of solar PV plants.
Nuno Oliveira, Business Development Manager of Martifer Solar, said, “It is an honor for our consortium to have signed the MoU with NREA. We anticipate that, once connected, this project will help Egypt to combat its growing power deficit. It is both a challenging and exciting venture to expand the solar business in another new country within Africa, where we believe that our significant international expertise will be the key driver for success in the region.”
Martifer Solar plans to implement the solar plant using single-axis trackers and expects the project to be ready-to-build and start construction in Q4 2016. All the electricity produced by this PV plant will be injected into the grid and sold through a PPA contract signed with EETC (Egyptian Electricity Transmission Company).
Dr. Mohamed Sobki, Chairman of NREA, said, “The 25MW plant from RA SOLAR consortium will be one of a number of solar projects, totaling 2,000MW, to be built under the first round of the Feed-in-Tariff program in Egypt. We are pleased to sign this MOU (land availing MOU for measurements) together with Martifer Solar and EEC Group and look forward to the project’s successful completion and connection to the grid.”
Henrique Rodrigues, CEO of Martifer Solar, said, “Egypt is a new geography for us in Africa and we are proud to see another successful milestone achievement from our development team, as we have been working on the continent since 2010. With around 620 million Africans living without access to electricity, we see great potential for our company and the solar energy industry to make a large impact in the future of the continent’s development.”
ABOUT MARTIFER SOLAR
Martifer Solar is a fully integrated player in the global PV market, focused on the development of photovoltaic projects, EPC and O&M services.
The company is based in Portugal and has presence in Europe (Spain, Italy, Belgium, France, Czech Republic, Slovakia, UK, Romania and Ukraine), North America and Latin America (Canada, Mexico, El Salvador, Chile and Brazil), Africa (Mozambique and South Africa) and Asia (India, UAE, Singapore and Japan).
The company has implemented more than 670 MW of photovoltaic energy worldwide, and manages more than 600MW in O&M Service.
Martifer Solar is part of the Martifer Group, a multinational industrial group with about 3,000 employees focused on metallic constructions and solar energy. Martifer SGPS, SA is the parent company of the Group and is listed on Euronext Lisbon since June 2007.
LEARN MORE AT WWW.MARTIFERSOLAR.COM
ABOUT EEC GROUP
EEC Group is a leading turnkey integrated Construction and Steel fabrication group of companies with 40 years experience and 1200 employees, serving the Power & Energy, Industrial and Telecom sectors in Africa and the Middle East with its services and products found in over 25 countries.
Its construction services include design, engineering, civil works, installation & erection, finishing services & maintenance. And its manufacturing facilities produce power transmission and telecom towers, steel structures, prefabricated buildings and camps, control rooms and mobile trailer-mounted towers.
In addition EEC Group has state-of-the-art hot galvanization facilities to serve our projects and other customers.
EEC Group prides itself on its high standards of customer service, quality & responsiveness. It operates an Integrated Management System covering ISO9001, ISO14001 and OHSAS18001.
LEARN MORE AT WWW.EECEGYPT.COM