Egypt, Oct. 28 -- Scatec ASA ("Scatec"), a leading renewable energy solutions provider, has signed loan agreements for the first phase of the Dandara (Egypt Aluminium) project in Egypt and is starting construction of the power plant. Scatec has further signed a partnership agreement with National Bank of Egypt (NBE), which will join with a 20% ownership stake in the project.The first phase of the project comprises a 569 MW solar plant and a 100-MWh battery energy storage system, supplying renewable electricity to Egypt Aluminium under a 25-year power purchase agreement which is backed by a sovereign guarantee. Dandara will generate approximately 1.4 TWh of clean electricity and lead to abatement of more than 550,000 tonnes of CO2 emissions ...