Egypt’s transmission company partners IFC on solar project

Egyptian Electricity Transmission Company (EETC) and World Bank’s International Finance Corporation (IFC) signed on Thursday an agreement to set up a 600 megawatt solar power plant in west of the Nile, under the Auction system. 

Sabah Mashaly, chairman of the EETC, said the deal comes as part of the electricity ministry’s efforts to expand renewable energy projects and encourage the private sector to engage more in these investments.

This is the first project to be carried out under the Auction system, she added.

 

Source: Amwalal Ghad

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