Schneider Generated 2000KW of Power in Egypt

Schneider Generated 2000KW of Power in Egypt

Schneider Electric’s Deputy Chair of Governmental Affairs and Energy, Sherif Abd El Fattah, stated that the company executed solar energy projects with a capacity of 2000KW from facilities atop buildings throughout Egypt, reported Al Mal News.

The company plans to expand its renewable energy business as it is aiming to compete over 4 solar energy projects with a capacity estimated at 176MW. The company will provide AC adapters, charger controller and batteries for the four projects.

These ventures include Kum Ombo power plant in Aswan with a capacity of 100MW, Hurghada solar project with 20MW, Gouna power plant with 50MW, and Marsa Alam power plant with 6MW.

Abd El Fattah said that the new Feed-in Tariff (FiT), announced by the government to be $0.084 per kw, is very competitive and will encourage new investors to enter the renewable energy market in Egypt.

Sarah Samir 2538 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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