Arab FinanceNorwegian Skatak Company started to create a 1.1 GB of Solar Solar Energy Project, with a 200 -megawatt batteries storage in Nag Hammadi at a cost of $ 590 million, according to To explain Issued.
The project is scheduled to be built in two phases, provided that the work begins at full capacity in the second half of the year 2026, the first stage will provide 561 megawatts of solar energy and 200 megawatts/ hour of storing batteries in the first half of 2026, while the second stage will add 564 megawatts of solar energy in the second half of 2026, and your Skakat will also take over the energy of engineering, purchases and construction Asset management, operation and maintenance.
Skatak also signed agreements to obtain crossing loans worth $ 120 million in favor of the project, and the pumping of property rights contributions to the project has been postponed until the completion of the construction, and the Arab Energy Fund will offer $ 90 million, while the European Bank for Reconstruction and Development will offer 30 million dollars.
The Energy Company also signed a delegation letter to its long -term and non -refundable debt, which represents 80% of the project's capital spending, with a group of development financing institutions. The company is conducting other discussions with potential property rights partners, and the financial closure of the project is expected to be completed within the next few months.
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