Egyptian Resorts Company to build 50-MVA solar plant in Sahl Hasheesh

The plant will have a capacity of up to 50 megavolt amperes (MVAs) and a total of 10 million kilowatt hours (kWhs) a year

Staff Writer, Arab Finance

April 13, 2023

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Arab Finance: The Egyptian Resorts Company’s (ERC) board has greenlighted the establishment of a solar power plant in Sahl Hasheesh, Hurghada, a statement released on April 13th showed.

The plant will have a capacity of up to 50 megavolt amperes (MVAs) and a total of 10 million kilowatt hours (kWhs) a year.

ERC recorded consolidated net profits attributable to the parent company of EGP 113.88 million in 2022, compared to net losses of EGP 62.078 million in 2021.

Founded in 1995, ERC is Egypt’s leading master developer of international-standard mega communities on a fully-integrated management basis.

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