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Concilio Group Mulls Solar Energy Investments in Egypt

Source: Al Masry Al Youm 6/14/2014, Location: Africa

US firm Concilio Group is studying solar energy projects in Egypt worth US$100 million (LE700 million). The project is intended to secure 300 megawatts of electricity per year over 25 years.

During a meeting with Egyptís Trade and Industry Minister Mounir Fakhry Abdel Nour, Concilio Groupís CEO, Oliver Meissner, said Egypt enjoys great prospects for solar energy projects, and its climate enables it to be among pioneers in the field.

Messiner clarified that his company produces more than 9 gigawatts of electricity yearly in several countries across the world.

Abdel Nour said renewable energy projects are a top government priority at present, noting that such undertakings have substantial prospects at remote areas in Upper Egypt.

The minister added that the government is close to setting rates for electricity produced via renewable energy, which, he said, would encourage to attract investments in that field.

For more information about related Opportunities and Key Players visit Egypt Oil and Gas Projects

Renewable Energy News in Egypt >>

Related Categories: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 

Related Articles: Biomass Energy  General  Geothermal Energy  Hydropower  Photovoltaic Solar Energy  Solar thermal Energy  Wind Energy 


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