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This plot is divided into 41 subplots, each allowing for a plant of 20 MW or 50 MW, with a total capacity for the entire site of 1,800 MW.
When complete, this site will be the largest solar complex in the world delivering significant environmental benefits to a country that is largely dependent on fossil fuels for energy production.
Setting environmental standards: All Subprojects will be 100% compliant with the Bank's Green Economy Transition Approach and will support the expansion of renewable energy generation to meet Egypt's targets in this area, including its Intended Nationally Determined Contribution, submitted to COP 21.
This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential.
2/ Strategic Environmental and Social Assessment EBRD has mobilised TC funds under the Southern and Eastern Mediterranean Multi-Donor Account to support the New and Renewable Energy Authority NREA in preparing the Strategic Environmental and Social Assessment (SESA) for the Benban solar site in Egypt.
The SESA will ensure that the large development planned in Benban is carried out in accordance with best international practice and in a manner which maximises the benefits for the local population and other stakeholders.
In accordance with EBRD's 2014 Environmental & Social Policy, the framework itself will not be categorised and each Subproject will be subject to full project and sponsor-specific environmental and social due diligence.
Each Subproject will be individually reviewed and categorised and due diligence will be undertaken accordingly.
The Bank has engaged with EBRD's clients and also worked with other IFIs and the Egyptian authorities to ensure that developers on the Benban site cooperate in the management of these impacts.