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Monday, 27 February 2017

Government looking to resurrect 3 GW solar power project signed during EEDC

Government looking to resurrect USD 5 bn, 3 GW solar power project signed duringEEDC? The government seems to be thinking about resurrecting a two-year-old solar power agreement with SkyPower and International Gulf Development to develop a 3 GW solar PV project at a cost of USD 5 bn. The cabinet economic group reviewed yesterday a report on the project, according to a cabinet statement. An agreement on the so-called “Green Giant Power” project was originally signed during the March 2015 Egypt Economic Development Conference, and phase one of the project was expected to reach commercial operation by the end of 2015, with additional generation capacity to come on stream over the following four years, according to a statement from SkyPower following the EEDC.

Cabinet economic group talks strategic crops: The cabinet economic group also discussed yesterday how to expand the cultivation of strategic crops, particularly corn, in hopes of expanding domestic manufacturing of cooking oil. In addition to corn, Agriculture Minister Abdel Moneim El Banna said that the ministry is planning on making more land available to plant rice, cotton and sugar beets.

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