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Wednesday, 4 May 2016

Engie invests USD 490 mn in renewable energy projects

Engie (formerly GDF Suez and still, we argue, one of the worst rebrandings in recent corporate history) are looking to build two renewable energy projects in Egypt with investments of USD 490 mn, the company’s regional manager revealed. One is a solar power station costing USD 110 mn to be completed by 2017 and the other a wind farm costing USD 380 mn that should be completed by 2018, he added. The company is looking to bid on energy projects issued by the government in the Suez Canal region and the new capital and is establishing a new office in Cairo within weeks to regulate its operations in the MENA region, he adds. (Read in Arabic)

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