El Sewedy Electric to develop solar power plant in Upper Egypt

Reuters    Translate This Article
14 June 2015

On 14 June 2015 Reuters reported: Egyptian cable maker El Sewedy Electric said on Sunday it had entered into an agreement to develop a 50 megawatt solar energy power plant in the Upper Egypt region. El Sewedy formed the Egyptian Company for Solar Energy Development, a subsidiary that it will invest about $75 million in, which will be in charge of developing, funding, owning, and running the power plant, the cable maker said in a statement to Egypt's stock exchange. Global Good News service views this news as a sign of rising positivity in the fields of business and science, documenting the growth of life-supporting, evolutionary trends.

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