Egypt to invest $6.5 million to solar energy projects
Energy

Egypt to invest $6.5 million to solar energy projects

Thu, 2017-02-09 09:14

Project to be established within five years; ministry cooperates with UNIDO.

Minister of Industry and Trade Tarek Kabil announced that the ministry will establish a new solar energy project for industrial purposes within the next five years, adding that the ministry is cooperating with the United Nations Industrial Development Organization (UNIDO) and New and Renewable Energy Authority.

The cost of the project will reach around $6.5m, financed by the Global Environment Facility, in order to provide energy for the food, textile, and chemical industries, as they are the most consuming industries.

The minister added in a statement issued on Saturday that the Ministry of Environment is setting the standard and requirements for factories in order to benefit from the projects.

According to the statement, the minister held a meeting on Friday with UNIDO representatives to discuss the project’s roadmap and to use solar energy for industries that depend on heat energy, which the ministry is willing to start establishing during the current year.

Read the full article by Hisham Salah via Daily News Egypt.

[Photo by Green Prophet | Flickr]

renewable energy solar egypt
Egypt to invest $6.5 million to solar energy projects
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