ACWA Power offers discount to win bid for Egypt's Kom Ombo solar project: report

Saudi Arabia’s ACWA Power has offered a discount on its quoted bid price to win the 200MW Kom Ombo solar power station project, Egypt's Daily News reported.

The company, which offered a price of 2.799 cents per kilowatt per hour (kWh), submitted a discount letter to reach the final price of the tender for 2.752 cents, the lowest bid price, Hassan Amin, regional manager of ACWA Power, said.

Other bidders included FRF, a subsidiary of ABG Group; Scatec; El Sewedy EDF Marubeni alliance; Actis-Energy alliance and Orascom-ENGIE consortium.

The winning bidder will sell the energy produced to Egyptian Electricity Transmission Company for 25 years.

The Kom Ombo project is part of Egypt's Ministry of Electricity’s five-year plan, which aims to add  3,500 MW, including 2,800 MW from solar technologies and 700 MW from photovoltaic cells.