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31 Oct 2018, Gergana Bencheva, EMIS Editor

Egypt in talks with Chinese investor for USD 1bn solar plant project

Egypt’s military production ministry has entered talks with a Chinese investor for the construction of solar cell assembly plant whose worth is estimated at USD 1 billion, CEEMarketWatch reported citing Almal News. Yet, the name of the foreign investor has not been disclosed.

The production of the assembly plant will be used both for the needs of the domestic market as well as for exports. Its panels are expected to have a capacity of 500 MW a year.

Egypt’s military production ministry is expected to own a 51% share in the solar power project, CEEMarketWatch added.

Sign in and read the full article in emis.com, or find out more about EMIS. Original source: CEEMarketWatch - Daily News