International Group to Study Egypt’s $3.3b Solar Project

International Group to Study Egypt’s $3.3b Solar Project

The Egyptian Minister of International Cooperation, Sahar Nasr, stated that during August, a consortium of the World Bank, the African Development Bank, in addition to German and French institutions will finalize the feasibility study of developing a 1000 MW solar plant and a facility for manufacturing solar panels, both projects worth a combined $3.3b, on loan from China, reported Al Mal News.

The power plant will be divided into  two separate 500 MW facilities and will be developed by local capacities in collaboration with China’s TBEA.

The project comes as a part of a Memorandum of Understanding (MoU) between Egypt and China which includes sharing expertise in power plant development to enable Egypt’s photovoltaic (PV) growth.

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Sarah Samir 3524 Posts

Sarah has been writing in the oil and gas field for 8 years. She has a Bachelor Degree in English Literature. She has three years of experience in the banking sector.

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