RGS company will hold next week exhibition to sell solar-powered appliances at Al-Ahly Club in Nasr City, Cairo. Chairman of RGS Mohamed Ali said the exhibition will continue for three days and will present several solar-powered appliances, such as air conditioners, solar heaters, photovoltaic boards, water pumps, cookers, factory boilers, refrigerators, fans and a number of other solar-powered devices. He added that the prices of air conditioners that will be presented range between EGP 6,250 and EGP 8,000, according to their capacity. Meanwhile, the price of the photovoltaic board amounts to EGP 1,625. The prices of factory boilers range between EGP 365,000 and EGP 2.9m. The prices of water pool pumps range between EGP 15,000 and EGP 35,000. The prices of 14-foot refrigerators range between EGP 2,800 and EGP 3,500, while semi-automatic washing machines are priced at EGP 2,500. Ali explained that the exhibition will be held in cooperation with Al-Ahly club, as part of the initiative to encourage solar energy adopted by the club. Coordination is ongoing with the club's officials to replace its regular lighting devices with solar-powered ones. He added that RGS will present other appliances, including cookers, fans and chargers, in addition to samples of other solar-powered products, including bags and lighting devices. Ali said an agreement was conducted with Banque Misr to pay for the products' values through instalments over five years, with a grace period and facilitated payments. Coordination is ongoing with the bank to sign cooperation protocol to establish mini solar power plants. RGS began operating in the Egyptian market in 2008, implementing a number of power projects, such as distribution and medium voltage networks, and safety systems. In 2012, the company began operating in the field of solar energy through offering technical support services to the customers willing to use solar energy. The company shifted to manufacturing its products abroad and presenting them on the local market. The company's total investments amount to EGP 20m; with plans to increase them to EGP 250m in five years. The company cooperates with a number of banks to fund its projects, including Banque Misr and the Arab African International Bank.
