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Egypt private companies to invest $80 million to build solar power plants
Date tme:2015-06-26 Source:Grasol

Egypt private construction company Hassam Allam announced it had with Egypt's new energy and renewable energy agency (NREA) signed an agreement to invest 80 million in the construction of the Aswan 50 megawatts of solar power plants.The construction work will start in the first quarter of 2016.

Emmanuel and recent plans to expand the scope of the use of solar energy to reduce conventional energy consumption, by 2020, 20% of its energy from new energy and renewable energy.In September 2014, Egyptian ministry announced by subsidising photovoltaic feed-in tariff system to encourage private investment in the field.In February 2015, is headquartered in bahrain TerraSola group proposed $3.5 billion investment in Egypt for the development of photovoltaic technology.The project is expected revenue of $760 million, and in the operation that can create 20000 jobs.


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