FINANCIAL NEWS

Scatec Solar Co. to invest USD 650mn into Egypt’s energy projects

10 May 2016

(MENAFN) Scatec Solar Co. plans to invest USD 650mn in renewable energy investments in order to set up five solar energy projects with a capacity of 250 MW.

Furthermore, the firm will launch three solar energy plants in Aswan with a capacity of 150 MW, and will also build a 50 MW plant.

The company agreed with two firms to collaborate in two solar energy plants in Zafarana with a capacity of 100 MW.

In addition, the firm launched plants with a capacity of 700 MW, and it owns power plants with a capacity of 380 MW, in addition to another 460 MW.

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