NREA Doubles RE Budget
Egypt’s New and Renewable Energy Authority (NREA) has allocated around $440 million from its budget for renewable energy projects for the fiscal year of 2017/2018. The 2017/2018 budget for renewables is double what was allocated the previous fiscal year.
In addition, NREA’s CEO, Mousa Omran, revealed that NREA will execute four solar energy projects with a combined capacity of 160 MW, according an Al Mal News report. Three plants will produce 20 MW each and will be using solar PV, while the remaining plant will be working by the concentrated solar power system (CSP) with capacity of 100 MW.