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Sunday, 30 October 2016

Infinity Solar building four power plants under FiT phase two

Infinity Solar are building four power plants under FiT phase two with a total capacity of 133 MW, Human Resources Director Hisham El Gamal told Al Borsa. Two wind farms with a combined capacity of 100 MW will be built in Gabal El Zeit, in addition to a 30 MW solar power plant in Zaafarana and another at 3 MW, he added. The company could only reach financial close on one 50 MW project in Benban under phase one, he added. The USD 100 mn plant will be financed by a German Bank and the Arab African International Bank, he told Al Mal.

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