MEDIA & PRESS

ISR’s JV with Gila-AlTawakol Electric Ltd is building a 5 MW solar PV power plant in Sharm El Sheikh with the generated electricity to power the COP 27 conference buildings. The plant will be inaugurated by the Prime minister in the conference proceedings.

The plant will generate circa 13 GWh of renewable energy per year, offsetting more than 6,000 tons of CO2 annually. The development of the plant comes as part of the Egyptian government’s preparations for hosting the Conference of Parties (COP27), the United Nations’ annual conference on curbing the effects of climate change, set to take place in Sharm El Sheikh in November of this year.

This is Intro’s second power plant in Sharm Elsheikh considering the operational 5 MW PV power plant connected to the Egyptian Electricity Network under the Feed-in Tariff Phase I Framework in 2017.

These projects are Intro’s fulfillment of the agreement signed with the South Sinai Governorate to develop 40 MWs of solar PV Capacity in line with Egypt’s target to cover 42% of the country’s electricity needs by 2030 through renewable energy capacity. Once built, the plant will contribute to the country’s plans to decarbonize the energy sector and meet its targets under Egypt’s Intended Nationally Determined Contributions (INDCs) towards achieving the objectives of the United Nations Framework Convention on Climate Change (UNFCCC).