Norwegian Scatec Solar company is announcing plans to construct 40 solar power plants worth USD 500 mn in Aswan, Upper Egypt, Invest-Gate reports.

‘With this programme, the Egyptian government is making important steps towards accessing clean and low-cost electricity to drive development and economic prosperity,” says CEO of Scatec Solar Raymond Carlsen. The 40 power plants will generate 1800 MW of electricity after completion in 2018.

Scatec Solar signed 25-year Power Purchase Agreements on April 13 with the Egyptian government to deliver electricity from six solar plants at a total capacity of 400 MW.

Scatec Solar is an integrated independent solar power producer delivering affordable, rapidly deployable and a sustainable source of clean energy worldwide. It has produced 322 MW from solar power plants in the Czech Republic, South Africa, Rwanda, Honduras, Jordan and USA.