OneraSystems offers to build $90 mn solar power plant...

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OneraSystems offers to build $90 mn solar power plant...

Post by DJKeefy » Sun Nov 16, 2014 5:25 pm

OneraSystems offers to build $90 mn solar power plant in Egypt.

A consortium of Egyptian investors is planning to build four solar powered electricity stations with a capacity of 50 megawatts (mW) each, the CEO of one of the participating companies said Sunday.

Each station would cost $90-$100 million with an expected rate of return of 14 percent, said OneraSystems CEO Wael Al-Nashar in a phone interview.

The consortium is comprised of three local banks, two local companies and two international companies, said Al-Nashar without specifying their names. They have already submitted an offer to the Ministry of electricity, to be decided upon 26 November.

The ministry is currently accepting offers by investors to produce electricity through wind or solar energy.

In September, Egypt's cabinet approved feed-in tariffs for renewable energy production, enabling solar energy producers to sell electricity to the government. OneraSystems and its partners will be able to sell electricity at 14.34 cents per kilowatt per hour for the maximum production tranche of 50 mW.

Payment will be in domestic currency according to the exchange rate at the time of payment.

"We are not expecting to have all four stations approved as there are other bidders," said Al-Nashar.

The Ministry of Electricity is only accepting offers to produce a total of 2000 mW in renewable energy, Al-Nashar said.

Land will be provided to private investors through usufruct agreements at competitive prices. For solar energy projects, land will be offered for 25 years whereas wind energy projects will have 20 years of land use.

Egypt has been suffering from an energy crunch for almost four years, an issue that recently elected President Abdel-Fattah El-Sisi plans to solve by encouraging investment in electricity production.

Source: http://english.ahram.org.eg/News/115668.aspx


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Re: OneraSystems offers to build $90 mn solar power plant...

Post by Bullet Magnet » Sun Nov 16, 2014 5:40 pm

It's a small step in the right direction I guess, though I have no idea why they would not encourage more Solar Energy plants in the desert, there's sod all else they can do with all that sand.

It is also possible to create Water from Solar energy, it would be good if they could implement that idea as well. :up
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Re: OneraSystems offers to build $90 mn solar power plant...

Post by Who2 » Mon Nov 17, 2014 12:08 am

Quote: 'there's sod all else they can do with all that sand.
err, sandcastles, goes well with cement, sandpaper, nail files, glass, sandbags, Hydraulic fracturing, egg timers, concrete, need I go on….. :cool:
beaches, donkeys, giant jerboa's ? ……
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Re: OneraSystems offers to build $90 mn solar power plant...

Post by Dusak » Mon Nov 17, 2014 8:12 am

Who2 wrote:Quote: 'there's sod all else they can do with all that sand.
err, sandcastles, goes well with cement, sandpaper, nail files, glass, sandbags, Hydraulic fracturing, egg timers, concrete, need I go on….. :cool:
beaches, donkeys, giant jerboa's ? ……
10171
phpBB [video]

Wilson Keppel & Betty ?
All good points in theory, but unfortunately its the wrong king of sand for most, to much salt deposits and bits of dead bodies. Who would want an egg timer filed with toenails? :sk
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Re: OneraSystems offers to build $90 mn solar power plant...

Post by Brian Yare » Mon Nov 17, 2014 3:29 pm

What a gay couple of lads they were!

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Re: OneraSystems offers to build $90 mn solar power plant...

Post by Who2 » Mon Nov 17, 2014 5:34 pm

Gay ? 'Not likely the lads got through 12 Betty's in their time…. :cool:
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Re: OneraSystems offers to build $90 mn solar power plant...

Post by Brian Yare » Mon Nov 17, 2014 9:59 pm

Who2 wrote:Gay ? 'Not likely the lads got through 12 Betty's in their time…. :cool:
Yes but were the 12 Betws y Coed? ;) ;)

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