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(MENAFN – Youm7) Mohamed Al-Khayyat, director of the Authority for New and Renewable Energy, said that his investments in the solar energy fields amounted to about 19 million. 39 euros and included the implementation of a power plant project using solar cell systems with a capacity of 26 MW. In the city of Kom Ombo, more than 150 million euros for projects in preparation
Al-Khayat said in a statement to Al-Yawm Al-Sabea that total investments in the Benban solar power plant amount to about $ 2 billion and are financed by international funding agencies, mainly from the Company International Financial Assistance ($ 653 million) and the European Bank for Reconstruction and Development. IFC is leading a consortium of 9 global banks investing for the first time in Egypt's renewable energy sector.
The head of the New and Renewable Energy Authority said that the Benban plant includes 32 solar power plants with a capacity of 1465 MW, of which 25 have entered into service to date for a total of 1,200 MW . The rest of the other plants are expected to actually operate in September of this year.
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