Egypt, China seal MoU to conduct scoping studies on 10-GW solar power project

Getty Images

The project will produce around 29,784 gigawatt hour (GWh) of clean energy annually

Staff Writer, Arab Finance

December 28, 2023

PHOTO

Arab Finance: The Egyptian New and Renewable Energy Authority (NREA), Egyptian Electricity Holding Company (EEHC), and China Electric Power Equipment and Technology to conduct scoping studies to develop a 10-gigawatt (GW) solar energy project, a statement showed.

Once executed, the project will produce around 29,784 gigawatt hour (GWh) of clean energy annually which will contribute to reducing roughly 14 million tons of carbon emissions.

Moreover, it will save around $1 billion a year of the natural gas costs.

The MoU comes within the framework of Egypt’s strategy to increase the share of renewable energy in the energy mix and reduce dependence on fossil fuel.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO