New National Renewable Energy Strategy adopted in Egypt in 2015 stipulated renewable energy auction mechanism to be introduced in Egypt for future renewable energy capacity procurement. Presidential Decree enacting Renewable Energy Law (Decree No 203/2014) in 2014 established competitive bidding mechanism for build-own-operate (BOO) contracts.
Within the mechanism the Egyptian Electricity Transmission Company (EETC) will hold five rounds of tenders for BOO contracts. The EETC announces call for applications and is responsible for running the auction. New and Renewable Energy Authority (NREA) is responsible for land provision to selected projects for period when projects will be constructed and operating. After the decommissioning of the project, the land goes back to NREA.
In August 2015, EETC opened an auction for following capacities:
- Development of 20 MW PV power plant, at Kom Ombo at Aswan Governorate, Egypt
- Development of 250 MW wind project in west Nile Area with the participation of Private Sector
- Development of 200 MW PV project in west Nile Area with the participation of Private Sector
- Development of 50 MW CSP Project in west Nile Area with the participation of Private Sector.
Winners of the auction will be granted contracts for 20 (wind) and 25 (solar technologies) years.
Projects proposal submission period ended on 20th of June 2016. Winners will be announced in autumn 2016.