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Three solar projects to be built in Egypt
(MENAFN) Three solar photovoltaic (PV) projects under Round 2 of Egypt's Feed-in tariff program II have come to a financial close by Acwa Power, investor and operator of a portfolio of power generation and water desalination plants.
With an aggregate capacity of 165.5 MWp, Acwa Power will fund, construct, possess and activate the work on the three projects which will begin in the first quarter.
"We identified Egypt as an investment destination worthy of pursuit in 2009 and subsequently established a local company Acwa Power Egypt in 2015," Rajit Nanda, the chief investment officer said.
With an aggregate capacity of 165.5 MWp, Acwa Power will fund, construct, possess and activate the work on the three projects which will begin in the first quarter.
"We identified Egypt as an investment destination worthy of pursuit in 2009 and subsequently established a local company Acwa Power Egypt in 2015," Rajit Nanda, the chief investment officer said.
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