GAFI, Emirates NBD sign MoU to promote investment in Egypt    Afreximbank establishes African Trade Centre in Egypt's New Capital    Egypt pivots to tech-led farming as climate stress reshapes agriculture: minister    AI-driven transformation demands secure digital infrastructure, modern legislation: CBE governor    Public Enterprises Ministry prioritises support for pharmaceutical affiliates: El-Shimy    Egypt discusses Trump peace plan phase two and Gaza force at UAE forum    Winter storm compounds Gaza humanitarian crisis amid Israeli strikes, diplomatic efforts    Egypt explores opportunities to boost environmental investment in natural reserves    Over 65.6 million visits recorded under women's health initiative since 2019    Egypt's external debt reaches $161.2bn in June 2025: CBE    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    UN rejects Israeli claim of 'new Gaza border' as humanitarian crisis worsens    Egypt's Cabinet approves development of Nasser Institute into world-class medical hub    UNESCO adds Egyptian Koshari to intangible cultural heritage list    Egyptian Cabinet prepares new data law and stricter fines to combat misinformation    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt calls for inclusive Nile Basin dialogue, warns against 'hostile rhetoric'    Egypt joins Japan-backed UHC Knowledge Hub to advance national health reforms    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Filmmakers, experts to discuss teen mental health at Cairo festival panel    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Morocco axes Orascom-led group from solar project
Published in Daily News Egypt on 23 - 03 - 2012

RABAT: Morocco has excluded a group led by Egypt-based Orascom Construction Industries from the bidding for the first phase of a major solar energy project, l'Economiste newspaper reported on Friday.
The newspaper gave no reason for the exclusion and a spokeswoman for Masen, the government agency managing the project, declined to comment.
Quoting sources familiar with the plan, l'Economiste said Masen would select a winner within a few weeks from the three remaining consortiums it selected in December, 2010.
The 500 megawatt project, in the southern region of Ouarzazate, is the first of five in a $9 billion solar program that will account for 38 percent of Morocco's installed power generation capacity by 2020.
The plan is vital to a country without its own oil or gas and which aims to diversify its exports to an energy-hungry trade partner, the European Union.
The four consortiums selected to bid for the design, finance, construction, operation and maintenance of a thermal solar plant in Ouarzazate were: Abeinsa ICI, Abengoa Solar, Mitsui and Abu Dhabi National Energy Co.; Enel and ACS SCE; International Company for Water and Power, Aries IS and TSK EE; Orascom Construction Industries, Solar Millennium and Evonik Steag.
The Ouarzazate project is to start as a 125 megawatt unit and undergo gradual upgrades to 500 MW by the end of 2015.


Clic here to read the story from its source.