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FINANCIAL NEWS
Egypt to build 1.000MW solar station at USD3.3b Chinese funding
18 Aug 2016
(MENAFN) Egypt will construct 1.000MW solar power station and a solar panels factory, which will be implemented in two phases, 500MW each.
Accordingly, China is predicted to fund the establishment of the station and the factory with USD3.3bn in concessional financing.
Moreover, the project would balance the MOU signed by the Ministry of Intl” Cooperation with the Ministry of Military Production and China to help regional production.
On the other hand, many solar firms had disputes with the Ministry of Elect over the deal for purchasing solar energy according to the feed-in-tariff system.
More News
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
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