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.



Farrouh: 100 applications to launch solar energy plants connected to the electricity grid
98 engineers trained, meetings with investors to raise projects' awareness
Published in Daily News Egypt on 09 - 10 - 2018

The National Solar Cell Project has received over 100 applications to launch solar energy plants connected to the electricity grid. The companies approved to implement the plants within the project are estimated at 38.
Hend Farrouh, the project director, told Daily News Egypt that the project received applications for projects in the industrial, commercial, residential, and tourism sectors.
The project is funded with investments of up to $3.5m. It is a grant from the Global Environment Facility (GEF), which is one of the UN funds to finance environmental projects. It implements the projects of the UN development programme in cooperation with the Industry Development Centre.
She added that 15 agreements were signed to implement solar energy projects connected to the grid, with the majority having a capacity of 150kW. The contracting companies include Ceramica Art, Ragab Faheem, Cairo Petroleum, and others. The agreement is also under way with other factories and companies. "Financial and technical support is given to projects, as $250 are given for each kW, with a maximum of $37,500 for a project with a capacity of 150kW," Farrouh explained.
The first projects to be contracted in each sector will gain extra support up to $45,000, and several agreements will be signed to launch solar energy plants at hotels and schools, added the project director.
Farrouh then noted that an agreement was signed with Dar Misr, in the third phase of Sheikh Zayed, to implement solar energy plants with a capacity of 228kW, including a consumption rationalisation plan at the top of 38 buildings, feeding 912 residential units with electricity, in addition to lighting lamps, elevators, and water pumps.
Notably, an agreement was signed with the General Authority for Educational Buildings to install a solar power plant with a 27kW capacity at schools established by the authority, elaborated Farrouh.
Furthermore, she revealed that several forums and workshops were held with investor associations to explain the strategy of the solar cells' national project, with several meetings held in Sheikh Zayed, 10th of Ramadan City, Sohag, Assiut, the Red Sea, and Qena.
"The companies and factories in Upper Egypt did not know anything about the project, even though it was announced in official newspapers. The meetings have proven to be effective, and managed to attract a large number of people," she stressed.
A training course is prepared in cooperation with the Federation of Egyptian Banks to facilitate the process of lending small solar projects to finance SMEs with 5% interest, highlighted the project director.
She pointed out the training of 98 engineers in the New Valley, Dakhla and Kharga oases to understand the system of solar cells. Additionally, there are preparations to train employees to be at the location of the solar energy projects in Benban.
Plus, the door is open for companies working in solar energy projects of to present their documents, and for them to be approved to work within the national project. There are projects that receive technical support only, while others receive financial support only, and other projects receive both, declared Farrouh.
She continued that the advisory company supervising the project is the responsible body for approving participating companies, and projects to be implemented. All the procedures are carried out with transparency, according to Farrouh.
She explained that the party interested in implementing a solar power plant shall present its documents for consideration, then the concerned party will choose one of the companies to work within the National Solar Cells Project.
She expected the market to be open next year, following the demand by companies to implement solar energy plants. Financial support given for each kilowatt will decline, to range from $150 and $200 until an exiting strategy is reached, so that no financial or technical support is provided, Farrouh concluded.


Clic here to read the story from its source.