Hany Tawakol, chairperson of Al Tawakol Electrical Company (Gila), said the company is currently focusing on completing the second stage of the 35MW solar power plant. The land will be agreed upon with the governor of South Sinai within months.
He explained that the second phase of the project will be implemented by the independent product system (IPP), which includes the production of electricity and selling to consumers with payment of fees for the use of electricity network. Moreover, the company is negotiating with a number of hotels in Sharm El-Sheikh to provide their electricity needs through the solar power plant to be launched with a capacity of 35MW.
“Production capacity is expected to reach 80GW/h to be sold to the tourism sector,” Tawakol said.
The coming period is witnessing the acceleration of implementation rates in all projects in Sinai, as well as the launch of a package of new projects, which represents a new stage in the development of turquoise land.
The company works within Egypt’s strategy and vision for the use of clean energy and seeks to expand its portfolio of local and regional projects in Africa and the Middle East to achieve sustainable development.
Moreover, he added that the company has completed the implementation of solar power plants in Benban, Aswan, within the second phase of the feed-in tariff with a capacity of 145MW, and has formed partnerships with investors and contributed to bring funding for projects from foreign banks.
Tawakol maintained that the legislation and regulatory controls set by the government for the renewable energy sector have helped attract Arab and international companies to invest in electricity production projects from solar and wind stations. The demand for investment in projects is expected to increase during the coming period.