The Egyptian Ministry of Electricity and Renewable Energy has signed an agreement with Creative Power Solutions (CPS) to set up a 600 MWe solar thermal power plant in the province of Asyut on the western bank of the Nile River in the south of the country.
The solar collector production plant is also expected to supply equipment for other projects, with a target of 53,000 MWe. And this technology can provide solar energy to several sectors, including seawater desalination, food processing and the textile industry.
CPS is able to deliver on this because it has a partnership deal with Absolicon, a manufacturer of solar thermal power generation equipment
The recently signed framework agreement aims at setting up a production line for solar thermal collectors in Egypt. The total value of sales covered by the agreement is estimated to be between 4 and 5Million euros, plus a monthly license fee of about 30 euros per collector sold, the partners say.
So far, Egypt is investing heavily in solar photovoltaic energy with an iconic project successfully completed by Independent Power Producers (IPP) in Benban, Aswan governorate, with a capacity for generating 1,650MW at peak (1650 MWp).