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Monday, 17 June 2019

Enara to build USD 600 mn-worth solar plants in Egypt

INVESTMENT WATCH- Enara is planning to build solar plants at a cost of as much as USD 600 mn in El Wadi El Gedeed with a combined capacity of 600 MW, CEO Mohsen Ebeid said. The company has received land from the governorate and is expecting to complete the plants within 9-12 months of breaking ground. A number of petrochemical, ICT, agriculture, and education businesses have agreed with Enara to purchase power produced from the plants, which will be built under the independent power producer framework.

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