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According to Egypt's Daily News (DNE), Italian Desert Technology has acquired 20% of two solar projects in Benban, Aswan, including WinErgy Solar Solutions and Arina Energy, with a total capacity of 40 MW
.
It is understood that the company bought a 20% stake in Arina Energy, which is implementing 20 MW of solar power plants and 20% of WinErgy Solar Solutions, which is also implementing another feed-in tariff project
in the same region.
Desert Tech is implementing a 50 MW feed-in tariff system in this shift, which is expected to be completed
in May, the sources explained.
DNE also learned that three Chinese companies are looking to buy 15-20% stakes in Benban's solar projects, as some projects have not yet been built
.
According to the terms and conditions of the Egyptian Electricity Utilities and Consumer Protection Regulatory Authority (Egyptian ERA), a qualified alliance must own 51% of the company's shares, while the shares of the leading company should account for at least 25% of the company's shares, making it impossible for them to exit the project
two years ago.
A source at Egypt's Ministry of Electricity told DNE that both the buyer and seller must obtain approval
from the Ministry of Electricity and the New and Renewable Energy Authority, as well as the Egyptian Electricity Transmission Company, before selling the company.
According to the Egyptian electronic reverse auction, the company cannot sell
until it operates.
The former Egyptian chief said the rule did not prevent investors from contributing to any of the company's shares and then acquiring all shares
after two years of operation.
He added that the company developing the solar project has the right to sell the project
after its operations are completed.
:/, please indicate the source for reprinting)
According to Egypt's Daily News (DNE), Italian Desert Technology has acquired 20% of two solar projects in Benban, Aswan, including WinErgy Solar Solutions and Arina Energy, with a total capacity of 40 MW
.
It is understood that the company bought a 20% stake in Arina Energy, which is implementing 20 MW of solar power plants and 20% of WinErgy Solar Solutions, which is also implementing another feed-in tariff project
in the same region.
Desert Tech is implementing a 50 MW feed-in tariff system in this shift, which is expected to be completed
in May, the sources explained.
DNE also learned that three Chinese companies are looking to buy 15-20% stakes in Benban's solar projects, as some projects have not yet been built
.
According to the terms and conditions of the Egyptian Electricity Utilities and Consumer Protection Regulatory Authority (Egyptian ERA), a qualified alliance must own 51% of the company's shares, while the shares of the leading company should account for at least 25% of the company's shares, making it impossible for them to exit the project
two years ago.
A source at Egypt's Ministry of Electricity told DNE that both the buyer and seller must obtain approval
from the Ministry of Electricity and the New and Renewable Energy Authority, as well as the Egyptian Electricity Transmission Company, before selling the company.
According to the Egyptian electronic reverse auction, the company cannot sell
until it operates.
The former Egyptian chief said the rule did not prevent investors from contributing to any of the company's shares and then acquiring all shares
after two years of operation.
He added that the company developing the solar project has the right to sell the project
after its operations are completed.
:/, please indicate the source for reprinting)
/
