HomeIndustry SectorsEnergy EfficiencyJapan injects $88m into development of Egyptian power plant

Japan injects $88m into development of Egyptian power plant

Egyptian President Abdel-Fattah el-Sissi, is expected to travel to Japan next week to sign an agreement with the Japanese government for the construction of a 20MW solar power plant in the North African country’s eastern city of Hurghada.

[quote]The agreement will include an $88,829,700 loan from the Japanese government to support the construction of the plant, which will also have a 30MW storage battery system, the Chicago Tribune reported.

Japan: energy storage system

When describing the system, the Chicago Tribune said: “a large-capacity storage battery system is a large-scale recharge and discharge equipment built into the electrical system of a power plant and other facilities.

“This equipment is seen as essential to ensuring a stable supply of electricity from renewable sources, as weather can greatly affect the amount of power generated.”

Media highlighted that there are several types of equipment, including lithium-ion and sodium-sulfur batteries, which come from years of Japanese research and development.

Japan to submit tenders

Egypt will soon issue a tender notice for Japanese firms only, who are providers of advanced battery technology.

With a total construction cost estimated at $92 million, the project is expected to reach completion by 2019 and will have the capacity to electrify 7,000 local households, the Chicago Tribune reported.

The funds will be fully paid for by the Japanese government, which will be paid back over a long period at a low interest rate.

A senior official of the Egyptian Electricity and Renewable Energy Ministry told The Yomiuri Shimbun that the government was optimistic about Japan’s storage technology, as it has earned its market position for being durable and stable.

Ashley Theron
Ashley Theron-Ord is based in Cape Town, South Africa at Clarion Events-Africa. She is the Senior Content Producer across media brands including ESI Africa, Smart Energy International, Power Engineering International and Mining Review Africa.