UAE firm to build US$850-mln solar power project in Upper Egypt

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  • UAE firm to build US$850-mln solar power project in Upper Egypt

THE Egyptian cabinet granted Wednesday a United Arab Emirates (UAE)-based renewable energy company the “Golden Licence” to build an US$850-million photovoltaic (PV) power generation project in Upper Egypt’s province of Aswan.
The project, to be built by Abydos for Renewable Energy, a subsidiary of the AMEA Power, will cover an area of 20 square kilometres in New Benban, Aswan, and is planned to generate 1,000 megawatts (MW) of electricity with a 600-MW/hour energy storage system,
the Egyptian cabinet said in a statement. The Golden Licence is an all-inclusive approval provided by the Egyptian government for the establishment, operation, and management of a project, including building permits and the allocation of the necessary properties. — Xinhua

Source: The Global New Light of Myanmar

Photo- Fast Company Middle East

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