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Benban Solar Developer Association

Benban developers agree to pay an extra $102m for building materials

Half of the EGP1.6 billion charge will be paid up front with the balance staggered over five years, pv magazine has learned.

Benban developers on brink of settling reported $102m cost-sharing deal

Sources connected to developers at the site confirm the figure has been agreed with the Egyptian Electricity Transmission Company but said it was still subject to change. The utility is seeking raised contributions from renewables companies to cover what it says were rises in building material costs.

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