Zamalek were confident of winning Confed Cup despite poor start, says match winner    CAF Confederation Cup winners    Delta Sugar sells beet sugar stocks worth EGP 1bn before end 2019    Wadi Kom Ombo allocated 1,000 feddan within 21,800 feddan in Bahariya Oases    Watch It obtains exclusive rights in screening Egypt's national productions    Le Pen beats Macron in France as nationalists gain in EU vote    Gunmen raid Burkina Faso church, kill four    Egypt condemns Lyon attack in France    Trump sends 1,500 troops to Middle East amid tensions with Iran    Egypt removes Habib El-Adly from Illicit Gain list    New Banking Law requires 25 banks, 4 foreign branches to raise capital    Vigo Video, Tawasol Ramadan charity campaign enrols underprivileged children into schools    Cooking, baking: Alternative profession for working women    Ramadan across Africa    Backstage programme opens technical training gate to deprived youth    High demand for AFCON tickets: Tazkarty    Egypt says 36,134 foreigners screened for Hepatitis C as part of nationwide campaign    Dutch see Nations League as a prize worth winning    Handcuffs and Rogue Arrows: Two Ramadan 2019 TV series with a political bent    The phantom of the holy month: Crystal Clear and Qabil TV series    World's most expensive drug: $2 million gene therapy for rare disorder    UN Women praises Egypt's government decision to develop national action plan on women peace and security    South Korean film Parasite wins Palme d'Or; Banderas Best Actor, Special Mention for Elia Suleiman's fiction    Europeans vote, with EU future in balance    Egypt's Illicit Gains Authority unfreezes assets of Mubarak-era interior minister, key aide    Solar energy and the future    Suez Canal Authority head hails role of simulation centre in training his staff    Why the dollar went south    Tazkarty, online booking for AFCON tickets launched    12 alleged militants killed in two separate raids in Al-Arish    Fanzir plans to launch 3 projects, open HQ in Egypt: Aljishi    Repatriation: Why Western museums should return African artefacts    Breaking the record    Amending judicial regulations    Pre-emptive strikes    Mubarak speaks    Newsreel    Connected for exams    Egypt name national team's initial squad for AFCON 2019    General Prosecutor orders release of five prominent detainees    Mascot revealed, tickets on sale    Only one path to glory    Messages to Tehran    Don't miss Al-Leila Al-Kebira puppet theatre operetta at Al-Hanager Arts Centre    In search of historical women    Malawians vote in tough presidential election    Angry at being dubbed a hustler, Maradona dismisses new film    The alternative economy in Ramadan    







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





NTPC to invest in solar energy in Egypt
Egyptian market stable, attractive for investment, says NTPC's GM
Published in Daily News Egypt on 25 - 04 - 2019

The National Thermal Power Corporation (NTPC) General Manager, Ananda Kumar Gupta, said that he held a meeting with the Head of the New and Renewable Energy Authority (NREA), Mohamed El-Khayat, to discuss the implementation of solar energy projects in Egypt and to fund long-term investments either through cooperating with the Egyptian government or through competitive bidding.
He said that the company is ready to implement projects in Egypt with considerable capabilities and investments according to various contractual systems, and seeks to exchange experiences and train workers on energy projects from various sources.
Furthermore, Gupta added that the Egyptian market is stable and attractive for investment, especially in view of the available legislation and regulations governing project implementation.
The NPTC signed a memorandum of cooperation with the Egyptian Company for Mechanical and Electrical Projects (Kahromika) on Saturday to carry out maintenance works for power stations in Egypt, the Middle East, and Africa.
The cooperation with the Indian company provides maintenance services for power plants and the upgrading of old stations with a future programme to transfer technology and expertise in order to replace and manufacture the parts used during the maintenance, replacement, and renewal operations, according to Kahromika's Chairperson, Sherif El-Sheikh.
In response to a question by Daily News Egypt, El-Sheikh said that Kahromika and the NTPC are aiming to maintain all electrical capabilities, and will hold a meeting with the electricity ministry to discuss the capacity to be maintained. The target is to carry out the maintenance operations by an Egyptian company in the future, as well as to send units or parts which are technically flawed overseas for repair in workshops, factories, and specialised companies.
He added that Kahromika aims to enter the Jordanian and Omani markets during the coming period.


Clic here to read the story from its source.