The Tahya Misr Fund was reported planning the first phase of the construction of three waste-to-energy factories worth EGP 160m by 2017,  with a goal to complete the factories by 2018, informed Al-Borsa News.

An official of the Tahya Misr Fund explained that investing in alternative energy is a current priority and they is currently negotiating partnership with a number of major companies specialized in the field.

The Fund is further communicating with other governorates to assess the alternative energy and fuel prospects that could be produced from the wastes, the Head of the Tahya Misr Fund, Mohamed Ashmawy said. He added that the Fund is planning to establish several recycling factories in order to help the alternative energy project. It is expected that the feasibility study for the provinces of Luxor, Ismailia, and Suez will be completed by the end of October 2016.