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Held under the patronage of the Minister of Electricity and Renewable Energy, Dr. Mohamed Shaker El-Markabi
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Solar-Tec Egypt
03 - 05 November 2019
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11:00 AM
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07:00 PM
Egypt International Exhibition Center, Cairo, Egypt
IFC approves funding for Egypt’s solar FIT programme The board of executive directors of the International Finance Corporation (IFC) has approved an investment of $635 million that will help construct, operate and maintain up to 11 solar power plants in Egypt.
Investments in power strategy amount to $75bn until 2022 The government completed preparing the energy strategy and is set to implement it starting next year, in coordination with both the Ministry of Petroleum and the Ministry of Electricity.
Egypt moves from electricity deficit to sufficiency The opening of three major power plants in March was the latest in Egypt's efforts to end its electricity shortage crisis. "Huge work is being done in this country to end the problem," said Gamal al-Qaluibi, a power engineering professor at Cairo University.
Arab companies are seeking to invest in Egypt's energy sector The Emirati Safwan Petroleum Technologies company allocated 2m initial investments for the Egyptian market. Magdy Aziz, the company's general manager, said they agreed with Tanmeya Investment Company on conducting tests on its oil wells, with equipment arriving from India in about two months.