Aswan governor: Benban solar park reflects great insight of Sis

A solar park in Benban has been named the best World Bank funded project of the year, which, Aswan governor says reflects the great insight of President Abdel Fattah El Sisi.

Sisi had launched the huge project in Benban near the Upper Egyptian city of Aswan with the aim to turn Egypt into an electricity exporter, Ahmed Ibrahim said in statements, reminding of a severe power problem that existed before 2014.

The governor put at about two billion dollars the total value of investments so far in the Benban solar park, which also helped create more than 10,000 direct and indirect jobs.

Benban’s will serve as the biggest power generation complex in the world and will sure contribute to increasing the produced clean energy, said a proud Ibrahim.

The solar park, being built over a 37-square-kilometer plot near Aswan, will house 32 power plants. By mid-2019, when all the plants are scheduled to be powered up, they will be capable of churning out a combined 1,650 megawatts of electricity – enough to power hundreds of thousands of homes and businesses.

That will help provide Egypt with the clean energy it needs to drive growth and fight poverty.

Benban’s far-reaching potential to increase Egypt’s energy generation capacity is the reason the World Bank’s International Finance Corporation (IFC) and a consortium of other lenders have pledged 653 million dollars to support the project.

The financing will help 13 private companies build and operate power plants at the site.

The Benban Solar Park will help Egypt achieve its goal�while representing a fundamental change in the way the country provides power to its people.

For decades, the government has built and operated almost every power plant in the country. But three years ago, officials rolled out a World Bank Group-supported program designed to reform the power sector and encourage private companies to contribute to national growth and development.

Source: State Information Service Egypt