Egypt After 2025: Navigating a Critical Inflection Point    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    Egypt's Environment Minister attends AMCEN conference in Nairobi    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Sri Lanka's expat remittances up in June '25    EU–US trade talks enter 'decisive phase', German politician says    Egypt's Health Min. discusses drug localisation with Sandoz    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    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    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    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    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    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.



Infinity Solar requests to establish $300m solar power plants
Company obtained approval to establish 100MW IPP power plants: El-Gamal
Published in Daily News Egypt on 25 - 12 - 2018

Infinity Solar has asked the ministry of electricity to approve the construction of 300MW solar power plants at investments of up to $300m.
Hisham El-Gamal, director general of Public Relations and Communications at the company, told Daily News Egypt that the ministry of electricity has agreed to the establishment of solar power plants with a total capacity of 100MW on an independent power producer (IPP) system, adding that the company has requested to increase capacities to 400MW.
He explained that the company plans to expand the construction of plants to produce electricity from solar and wind stations on an IPP scheme next year, with funding from foreign banks that contributed to lending the company to implement its projects in the feed-in tariff programme.
He said that Infinity has developed a long-term plan to invest in the new and renewable energy sector in Egypt and seeks to implement plants to generate electricity from renewable sources and sell them directly to consumers.
The IPP system is among the programmes introduced by the ministry of electricity to help the private sector implement renewable energy projects, where energy is sold directly to consumers while companies pay for the use of the electric grid.
He added that Infinity Solar will connect two solar plants, Bseb and Phoenix, with a capacity of 100MW on the national electricity grid within weeks. It also completed the implementation of a 3MW solar plant. By linking these projects, the company will finalise all its projects in the second phase of the feed-in tariff programme.
Infinity Solar is the first company to complete the implementation of its solar power plants under the first and second phase of the feed-in tariff programme.
Infinity started its work in the electricity and energy sector in 2012, providing devices and generators with batteries to counteract the current disruptions.
Over time, the company developed its solutions and began submitting its documents to the New and Renewable Energy Authority to qualify for solar energy projects. It signed a contract for the implementation of a 50MW feed-in tariff programme and then contracted other projects with a capacity of 130MW in the second phase.


Clic here to read the story from its source.