An international consortium comprising Switzerland-based Terra Nex and Terra Sola, headquartered in Bahrain, signed on Sunday a memorandum of understanding (MOU) for establishing 2000-megawatts solar power plant in Egypt, according to a statement released by the consortium.
The project would cost USD 3.5 billion, the statement added.
The consortium and Egyptian Electricity Holding Company concluded the MOU on the sidelines of the Egyptian Economic Development Conference (EEDC), currently in session in the Red Sea resort of Sharm el Sheikh, the statement asserted.
The project would help develop the renewable energy sector in the country, the statement underlined.
Chairman of Egyptian Electricity Holding Company Gaber Desoky and Board Chairman of Terra Sola David Heimhofer inked the MOU.
Acting upon the MOU, the two parties are committed to developing an action plan to implement the solar-powered station with total production capacity of 2000 megawatts.
GMT 14:36 2018 Sunday ,14 January
Fossil fuels blown away by wind in cost terms: studyGMT 18:20 2018 Thursday ,11 January
Ukraine to launch its first solar plant at ChernobylGMT 18:44 2018 Tuesday ,09 January
Finland's Fortum snaps up EON's fossil fuels stakeGMT 17:39 2018 Wednesday ,03 January
Norway powers ahead electrically with over half of new car sales now electric or hybridGMT 15:36 2018 Wednesday ,03 January
Minister of Mining Says Govt. Invested MAD 12.3 Billion between 2003-2017GMT 18:00 2017 Saturday ,23 December
Energy prices bump key US inflation index up in NovemberGMT 09:01 2017 Friday ,15 December
BP plan to buy Australian petrol pump network blockedGMT 14:54 2017 Monday ,27 November
Belarus nuclear power plant stirs fears in LithuaniaMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor