IB Vogt has achieved commercial operation of three solar power plants totalling 166.5MW, awarded under the second round of Egypt's Feed-in Tariff programme. Located in the Benban solar development complex near Aswan, Egypt, the PV plants "MMID 30", "Phoenix 50" and "BSEP 50" extend over a combined area of 270 ha, on which more than 500,000 solar panels were mounted on horizontal tracking systems. Each year over 400,000MWh of electricity is produced, enough to supply the demand of approximately 127,000 local households and save 178,000t of CO2 emissions annually. The power generated is delivered to the Egyptian Electricity Transmission Company on the basis of a 25-year power purchase agreement. IB Vogt is acting as operation and maintenance contractor for the facilities.
"We are very pleased to announce the successful delivery of these solar plants, which complete our 230.6MW portfolio in the Benban complex. This is the result of several years of preparation and execution by our partners Infinity Solar, Phoenix Energy and BPE partners as well as a very dedicated team. We would also like to thank all stakeholders, authorities and the community of Benban for their support, specifically the EETC. Special thanks is due to our financing partners from the ERBD and IFC, who have a big stake in making this landmark infrastructure project possible." says Anton Milner, Managing Director of IB Vogt GmbH.
Harry Boyd-Carpenter, Head of Energy EMEA at EBRD, says, "the Benban project is a game-changer for Egypt and for the region. It shows that the right regulation, applied consistently and transparently by far-sighted authorities, can catalyse massive private sector investment in clean, stable power, helping Egypt move away from its reliance on gas without needing any public money. IB Vogt was one of the very first to see this opportunity by leading the way in the first round of the Egyptian solar programme and we are delighted to have been able to support such a dynamic investor in these investments."
Christopher M. Cantelmi, Principal at IFC, says: "Seeing this ambitious solar project becoming operational is impressive and we are proud to have supported this achievement for the people of Egypt. The Benban complex sets a great example to the scale of what is possible when the right people and organizations come together. This includes international developers like IB Vogt in the Phoenix 50 project as well as regional and local companies, including smaller contractors who all went the extra mile, proving themselves as competent and reliable partners."