UPDATE: ACWA offered lowest bid in Egypt’s 200 MW tender

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The lowest bidder in Egypt’s tender for the 200 MW Kom Ombo solar project was not Spanish developer Fotowatio, as pv magazine reported yesterday in reference to a statement from the company, but Saudi energy group ACWA.

In a statement to pv magazine, ACWA said: “Hassan Amin, the regional manager of ACWA Power Egypt, declared that ACWA Power offered a price of $0.02799 at the very beginning, then it submitted a discount letter to reach the lowest price – $0.02752.”

The Egyptian Electricity Transmission Company is reviewing both bids as well as four others. The next lowest offer was proposed by Norway’s Scatec Solar, at $0.03045 per kWh. The three other consortia – EDF-Marubeni-El Sewedy; Engie-Orascom; and Actis-Enerpal – offered $0.0315, $0.034 and $0.035 per kWh, respectively.

The 200 MW project is being procured with the support of the European Bank for Reconstruction and Development and will be one of Egypt’s largest solar parks, and based near the Benban solar complex.