The scope of work of this project involves construction of a solar park “The Infinity 50 Solar Park” with capacity of 64.1-MWp comprising almost 200,000 solar panels, producing 110,000 MWh per year, enough to power 69,000 homes. The Solar Park project will be located at Benban, Aswan. It is set to be one of the world's largest solar panel farms connected to a grid. It also demonstrates the company’s ability to manage and structure such an undertaking. Likely to thank all of our partners for their efforts in assisting the consortium to secure the qualification for the project, the PPA and to achieve financial close . The Infinity 50 consortium includes German companies. The group was one of the three out of 39 in total to meet the round one FiT requirements. ib vogt, which serves as the EPC contractor, has already commenced building works and expects to complete the plant by January 2018. Upon completion, it will sell its output to the client under a 25-year contract. This project is part of the larger Benban solar development complex with a total capacity of up to 1.86 GWp. The project has already achieved financial close under the first round of Egyptian Feed-in Tariff (FiT) program. A company has agreed to provide 85% of the debt financing, while the remaining 15% will come from an International Bank. The loan is covered by German government through an Euler Hermes ECG. Lenders were provided with technical advice, legal advice by and insurance advice.