Hassan Allam Construction awarded EPC contract for Benban Solar Plant

Hassan Allam Construction has been awarded the EPC contract for a 200 MW solar plant in Benban, Egypt, developed by Hassan Allam Utilities’ Energy Platform. This supply agreement signifies a continued push for renewable energy infrastructure development in Egypt. The project benefits from the backing of established infrastructure investors such as the European Bank for Reconstruction and Development (EBRD), Meridiam, and Infinity Power Holding, indicating strong confidence in the project's viability and alignment with sustainable development goals. The deal is notable for its scale (200 MW), the involvement of Hassan Allam, a major Egyptian construction firm, and the participation of prominent international investors like EBRD and Meridiam. This combination suggests a well-structured project with access to both local expertise and international capital. While the value of the EPC contract remains undisclosed, the project's capacity and the involvement of these players suggest a substantial investment. The Benban Solar Plant is a key component of Egypt's renewable energy strategy, aiming to diversify its energy mix and reduce reliance on fossil fuels.