Solar, Utility Integration

Japan’s Loan Helps Egypt Build 150 MW Solar Plant

Cairo, Egypt [] Japan Bank for International Cooperation (JBIC) will loan 10,665 million yen [USD $90,000] to the Arab Republic of Egypt for materials, equipment and consulting necessary for the construction of a 150 MW integrated solar combined cycle power plant in the Kuraymat district, which is about 100 km south of Cairo. The country’s current peak-hour demand is roughly on a par with its installed capacity, causing supply restrictions. The plant is a step toward meeting Egypt’s power demand, which is growing at an annual rate of 7% in recent years. The Government of Egypt plans to generate 880 MW of power, about 3% of the total installed capacity in the country, from new and renewable energy sources by 2011.