Cairo –  Egyptian Ministry of Electricity and Renewable Energy is planning to launch a 50 megawatts photovoltaic (PV) power plant in Zaafarana.

The project will be funded by a EUR 50 million soft loan from Germany’s KfW bank, according to a statement released on Wednesday.

The new plant came in line with the efforts exerted towards the realisation of Egypt’s goal to increase renewable energy’s contribution to the country’s energy mix to 20% by 2020.

Zaafarana PV power plant is expected to produce around 90 million kilowatts/hour per year, which will reduce annual fuel consumption by 18,000 tonnes of oil equivalent and cut 50,000 tonnes of carbon dioxide emissions every year, chairman of New and Renewable Energy Authority (NREA) Mohamed El-Khayat, revealed.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

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.