Egypt renews state of emergency for three months: Official gazette    Manchester United's Solskjaer concedes City have set a new standard    Guardiola amazed by Manchester City's response to European exit    Manchester City's Fernandinho facing knee injury scan    Egyptians binging on holiday    Delivering results    Partial sale of Banque du Caire    Understanding Sudan    It's not the end until it's the end    After the Sri Lanka bombings    The return of the vice president    Expat voices heard    In pursuit of stability    Sliced twice    Egyptian triple    Staged in Cairo    Steel troubles    Primary healthcare for all    Avengers: Endgame    Celebrating World Heritage    Don't miss "The Sum of All Parts" exhibition at UBUNTU gallery    "The Golden Era: Egypt in the World Cup" photography show at AUC is a must go    Egypt's constitutional amendments approved: What's next?    Egypt's state employees to be assessed ahead of transfer to New Administrative Capital    Centamin reports better-than-expected Q1 gold output    Egypt to set up 4 medical centers in Africa: Minister    Republished: Good morning, Sinai: A look at the headlines when Israel withdrew in 1982    AU countries asks to extend transitional period in Sudan to 3 months    Upper Egypt pipelines receive 7.5m tonnes of fuel annually: PPC    Egyptian voters back constitutional amendments    Nasr asserts EGX role in helping companies grow    Petroleum Ministry establishes $2.3bn oil refining projects in Assiut    Thousands of Moroccans demand release of 42 Hirak Rif activists    Security, confronting terrorism are common challenges facing Egypt, African continent: Ramdan Orny    Figurative Encounters: Exhibition Haphazardly Crosses Space, Time    Ministry of Culture mourns Bachir El-Sebaie    Russia eases citizenship rules in east Ukraine    Sri Lankan president asks police chief, defence minister to quit following attacks    Elders, campaigners dominate scene in Kerdasa polling stations    250 archaeological missions from 25 countries work in Egypt: Minister    Spring Affair Returns for Second Season of Shopping, Charity    Tod's bring back Alber Elbaz to Fashion Scene    Bundesliga: Bayern Munich turn the screw in a reminder of champions past    The main differences between Catholics and Protestants    Karlovy Vary to honour cinematographer Vladmir Smutny    Trade exchange between Egypt, Tunisia to increase to $500m    Cairo Copts celebrate Palm Sunday    Vatican willing to offer technical know-how to help restore Notre-Dame    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.





Benban Solar Park wins WBG's best project award
Award reaffirms strong relationship between Egypt and WBG, supporting country's reform programme, says Nasr
Published in Daily News Egypt on 22 - 03 - 2019

The World Bank Group (WBG) gave the best project award for Benban Solar Park in Aswan, according to a Wednesday's statement by the ministry of investment and international cooperation, adding that it is the first time for Egypt to win such an award.
The Interim President of the WBG, Kristalina Georgieva, made a special celebration at the WBG's headquarters in Washington DC, where she praised the Egyptian project and its rates of implementation, the statement noted.
The Minister of Investment, Sahar Nasr, said the award reaffirms the strong relationship between Egypt and the WBG which includes supporting the country's reform programme and the governmental plans for promoting the private sector role in achieving the inclusive sustainable development.
The WBG offered Egypt's energy sector $1.1bn, in addition to $653m from the International Finance Corporation (IFC) for the Benban project.
Additionally, the European Bank for Reconstruction and Development (EBRD) has led the way in providing finance to roll out innovative bifacial panels for new solar plants, delivering a product that is more efficient and achieves greater productivity in the generation of solar power, a statement of the bank said on Tuesday.
The bank worked with the Norwegian developer Scatec Solar on using bifacial technology for its investment in the Benban Solar Park in Upper Egypt, where it financed 16 plants in what became the largest solar installation on the African continent, the bank added.
Scatec proposed the use of bifacial panels for Benban on the basis that the path-breaking new product delivered better value in terms of improved yield and greater durability. By using bifacial technology, total generation increases because power can be produced from both sides of the solar panel.
"It is a striking simple innovation that just involves using both sides of the solar panels, and it is particularly suited for use in the desert where the sun rays are reflected back from the sand," said Nandita Parshad, the EBRD's managing director for sustainable infrastructure.
"The use of bifacial panels at the Benban plants would be the first large-scale installation of such panels," she added.
The market share of bifacial modules is expected to grow rapidly during the next few years from less than 3% currently to 10% by 2020, and 40% by 2025, driven by falling prices and the availability of advanced infrastructure.


Clic here to read the story from its source.