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Wednesday, 17 August 2016

BPI agrees to grow investments in Egypt

Benchmark Power International (BPI) has agreed to boost its investments in Egypt beyond its 1.2 GW plant in Upper Egypt and its feed-in tariff solar project in Kom Ombo, at a meeting with Prime Minister Sherif Ismail, Al Mal reports. According to BPI, it had signed on to develop a 10 MW plant in Kom Ombo with SunEdison back in 2015. The SunEdison-Orascom consortium was one of the companies which had reportedly decided to back out of the feed-in tariff projects, as we noted earlier this week.

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