by Joanne Bladd on Thursday, 15 April 2010
The Egyptian government is in talks with Abu Dhabi state-owned clean energy firm Masdar to help fund a solar power plant along the eastern Red Sea coast, an official has revealed.
The North African state is courting Masdar and three unnamed European companies in a bid to secure funding and technical expertise for the $1bn plant, the Egyptian minister of investment told Arabian Business.
“We have been in discussions with Masdar and three potential companies to provide know-how from Europe. Masdar would be providing some of the funding and technical collaboration,” said minister Mahmoud Mohieldin, on the sidelines of the third Comesa Investment Forum in Sharm El Sheikh.
Source: http://www.arabianbusiness.com/586029-egypt-in-talks-with-masdar-on-solar-power-plan
The Egyptian government is in talks with Abu Dhabi state-owned clean energy firm Masdar to help fund a solar power plant along the eastern Red Sea coast, an official has revealed.
The North African state is courting Masdar and three unnamed European companies in a bid to secure funding and technical expertise for the $1bn plant, the Egyptian minister of investment told Arabian Business.
“We have been in discussions with Masdar and three potential companies to provide know-how from Europe. Masdar would be providing some of the funding and technical collaboration,” said minister Mahmoud Mohieldin, on the sidelines of the third Comesa Investment Forum in Sharm El Sheikh.
Source: http://www.arabianbusiness.com/586029-egypt-in-talks-with-masdar-on-solar-power-plan
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