ACWA Power developed, financed, built, own and operated three solar photovoltaic power plants in Benban under Round 2 of the Feed-in-Tariff (FiT) program. The three projects (Benban 1, Benban 2 and Benban 3) with an aggregate capacity of 120 MWp and the total investment value of US$ 185 million.
The projects, which are located in the Aswan Province in Benban generates the below listed capacities:
- Benban 1 generates 50 MWp (ACWA Power's shares 32.81%)
- Benban 2 generates 50 MWp (ACWA Power's shares 32.81%)
- Benban 3 generates 20 MWp (ACWA Power's shares 18.05 %)
The projects achieved financial close and commence construction by Q4 2017. Once the projects start operations in 2019, which powers approximately 80,000 houses while saving around 156,000 tons of CO2 a year.