Egypt inaugurates Phase 1 of Obelisk Solar Power Plant in Qena with $600 million investments

Egyptian Prime Minister Dr. Mostafa Madbouly inaugurated on Monday the first phase of the Obelisk Solar Power Plant project in Nagaa Hamadi, Qena Governorate (Upper Egypt)

 

The plant has an initial capacity of 500 megawatts, along with a battery energy storage system capable of storing 200 megawatt-hours. Developed and constructed by the Norwegian company Scatec, the project will ultimately reach a total solar power capacity of 1,000 megawatts.

 

The project is part of the Ministry of Electricity and Renewable Energy’s urgent plan and falls under the World of Water, Food, and Energy (NWFE) program. It supports the state’s strategy to increase the share of renewable energy to 42% of Egypt’s energy mix by 2030 and to enhance reliance on clean and sustainable energy sources.

 

The project was completed in a record time of just 13 months from the signing of the power purchase agreement (PPA), reflecting efficient execution and rapid implementation. 

 

Construction activities generated approximately 5,000 job opportunities for residents of Nagaa Hamadi and Qena Governorate, in line with the state’s directives to maximize development investments in Upper Egypt.