Ramsco's Women Empowerment Initiative Recognized Among Top BRICS Businesswomen Practices for 2025    Egypt, Elsewedy review progress on Ain Sokhna phosphate complex    Gold prices end July with modest gains    Pakistan says successfully concluded 'landmark trade deal' with US    Egypt's FM, US envoy discuss Gaza ceasefire, Iran nuclear talks    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Federal Reserve maintains interest rates    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Rafah Crossing 'never been closed for one day' from Egypt: PM    I won't trade my identity to please market: Douzi    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt's EHA, Huawei discuss enhanced digital health    Egypt, Oman discuss environmental cooperation    Egypt's EDA explores pharma cooperation with Belarus    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



Jinko Solar expanding in Egyptian market over medium, long term
The company has the intention to produce regionally, not only in China, says CSO
Published in Daily News Egypt on 05 - 09 - 2015

Jinko Solar's medium- and long-term strategy in Egypt is to install 2.3 GW for engineering, procurement and construction (EPC) projects, according to Jinko's North East Africa Sales Manager, Karim Mohy Eldin.
"In parallel, we are working with distributors who are consuming smaller amounts but with high turnover, which is very important for us because we started to get a lot of customers for solar water pumps as a result of the blackouts that occurred last year," Mohy Eldin added.
Jinko Solar produces solar energy modules and solar panels. Currently, its strategy is not only to produce in China; the company has the intention to produce regionally, said Jinko's CSO and head of emergent markets, Arturo Herrero.
"We currently have more than 20 offers with local people in 20 different countries. Our target is to be localised and to understand the needs of our customers," Herrero added.
Regarding Jinko's operations in Egypt, Herrero said that in Egypt Jinko is mainly tendering with partners in all the programmes, the most significant of which is the feed-in tariff.
"At the same time, we also follow the large scale projects, such as selling electricity to utilities, which are projects on large lands called solar parks. We have been leading in South Africa with these large projects," Herrero noted.
In South Africa, Jinko has already installed more than 400 MW, with a 40% market share in the country, said Herrero. "We expect to enter these kinds of potential opportunities in Egypt," he noted.
Moreover, in the Middle East, we have already installed more than 20 MW in other countries that are more developed than Egypt, Herrero added.
In Egypt, there is a vast demand for energy, and there currently a is a shortage of around 5 GW in the grid. The government is moving towards the International Partnership Programmes (IPP) and Public-Private Partnership (PPP), which means solar energy will be demanded in the medium-term, Mohy Eldin said.
"From 2016 to 2018, we expect to be widely operating in Egypt and we expect to acquire a part of the government's intended plan to expand in photovoltaics (PV) in many projects," said Herrero.
Jinko Solar provides the solar panels for the developers and for engineering firms for the EPC contractors, Herrero clarified.
"We have the most competitive price in the industry, and our quality has been tested in the field for more than six years. We have financial stability, and we are now listed in more than 86 banks worldwide," said Hererro.
These banks believe that the company is reliable and that it will be alive and sustainable for the next 20 years at least, according to the CSO.
"Jinko's production capacity for this year is 4000 MW (4 GW). The company's revenues are around $2bn, achieving quite a decent net profit and a 20% growth margin," Herrero highlighted.


Clic here to read the story from its source.