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Wednesday, 18 December 2019

Benban solar park gets praise from Reuters

On yet another relatively muted morning for Egypt in the foreign press, President Abdel Fattah El Sisi’s latest statement warning against foreign intervention in Libya is making the rounds. Agence-France Presse and Russia’s RT are among those taking note.

Reuters’ Aidan Lewis takes a look at the recently inaugurated Benban solar power park, where 30 companies from 12 countries are developing facilities producing nearly 1.5 GW of clean electricity. The piece outlines the massive project that helped turn Egypt away from rolling blackouts in 2013 to 50 GW of installed power capacity. Lewis also points to the government’s plan to increase Egypt’s reliance on renewables to 20% of its energy mix by 2022 and 42% by 2035.

Manufacturers call for tariffs alongside government’s subsidized loan initiative: Factory owners tell Al Monitor that the EGP 100 bn program will help to stimulate industrial investment but call on the government to do more to protect local industry against imported products and dumping.

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