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Egypt to build solar power stations worth $20mln

Egypt plans to build two solar power stations worth 1 billion Egyptian pounds ($20.60 million), financed by the European Union, the petroleum ministry said on Monday.

A 550 million Egyptian pound project at the Assiut Oil Refining Company with a capacity of 10 megawatts is expected to be completed within 11 months, the statement said.

Another project to produce electricity from solar energy is planned at the Egyptian General Petroleum Corporation (EGPC) with a capacity of 6.5 megawatts at an investment cost of 500 million Egyptian pounds ($10.42 million).

Link: https://www.zawya.com/en/projects/utilities/egypt-to-build-solar-power-stations-worth-20mln-eagsfhdw

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