On September 24th, 2018, The United States Trade and Development Agency (USTDA) announced that Benchmark Power International has been awarded TDA’s 2018 Gas Sector Infrastructure Initiative Grant. The grant is earmarked to support the development of BPI Combined Cycle Power Plant Project at Tawerat, Qena Governorate in Egypt. The grant funds the execution of the Feasibility Study, the Archeological Study, and the Environmental and Social Impact Assessment Study (ESIA) for BPI’s Tawerat 2300 MW CCGT power plant project. The Grant Agreement was signed in Washington, DC on Monday, 24th of September, 2018, by the Chairman of BPI and the Director of USTDA representing the US Government. The USTDA issued a press release on the same day the Grant Agreement was signed, which could be found on the following link.
On October 22nd, 2014, BPI signed a Memorandum of Understanding (MOU) with the Egyptian Electricity Holding Company (EEHC) to off-take the full power of BPI 2300 MW Power Complex Tawerat, Qena Governorate, in the Arab Republic of Egypt.
On March 15th, 2015, BPI signed a 25-year Power Purchase Agreement (PPA) with the Egyptian Government represented by the Egyptian Electricity Transmission Company (EETC) for EETC to off-take 100% of the electric power generated by the first module of BPI’s CCGT 2300 MW power complex in Tawerat, Qena Governorate, in the Arab Republic of Egypt. The signing ceremony of the PPA took place as part of the events of Egypt Economic Development Conference that was held from 13 to 15 of March, 2015, in city of Sharm El Sheikh in Egypt.
On March 26th, 2017, BPI signed a Memorandum of Understanding (MOU) with the National Organization for Military Production (NOMP) that covers partnerships in solar power generation, sea water desalination, and in ammonia production in the Arab Republic of Egypt.