Egypt signs 2 MOUs for solar power generation

Egypt | March 15th, 2015 — Egypt has signed two memorandums of understanding with two international consortiums for solar power generation.

The move came on the sidelines of Egypt Economic Development Conference (EEDC) that kicked off in the Egyptian Red Sea resort of Sharm el-Sheikh.

The agreements are meant to generate 5,000 megawatt of solar energy.

The first memorandum was signed with SKYPOWER and Gulf Development Companies to establish a power plant generating 3,000 megawatts.

The second was signed with Tera Nix and Terra Sola consortium to establish a power plant that generates 2,000 megawatts.

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