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.



10 GW/h solar power plant was inaugurated in Ain Sokhna
Published in Daily News Egypt on 31 - 08 - 2022

Mohamed Shaker, Minister of Electricity and Renewable Energy, inaugurated on Tuesday a solar power plant, with a production capacity of 10 GW/h annually, at the Chinese Jushi's fibreglass factory in the North-West Gulf of Suez Economic Zone, Ain Sokhna.
The project was implemented through a partnership agreement between Jushi and Inara Capital, a leading renewable energy company, which is one of the economic zone's partners in green hydrogen projects.
Minister Shaker said that there are great efforts made by the ministry and in coordination with various authorities in this regard to implement the Egyptian state's strategy in the electricity sector and achieve the 42% target of energy produced from renewable sources, especially solar and wind, by 2035.
The Minister added that the state pays great attention to such projects and cooperates with neighbouring countries in the electrical interconnection, especially what is currently taking place between Egypt, Greece, and Italy, and this confirms that Egypt is a promising market in this field.
He pointed out that the signing of memorandum of understanding for green fuel projects between the Suez Canal Economic Zone, the companies affiliated with the Ministry of Electricity, and The Sovereign Fund of Egypt will contribute to accelerating the pace of energy projects' construction, in conjunction with Egypt's hosting of the climate change summit (COP27).
Walid Gamal El-Din, head of the Suez Canal Economic Zone, said that the project comes in implementation of the directives of the political leadership towards the use of clean energy and within the plan of the Suez Canal Economic Zone to localize renewable energy industries, in addition to motivating development partners and investors to invest and exploit new and renewable energy in the expansions of their projects to achieve our vision of all of the transformation of this type of energy.
Sherif El-Gabaly, Chairperson of Inara Capital, said that the project is the beginning of the optimal exploitation of the potential of the economic zone in generating clean and renewable energy, and he thanked all the relevant institutions that facilitated this project with our Chinese partners to come up with this optimal way.
Wu Ping, General Manager of Jushi Egypt, said that the factory is the largest among Chinese investments in Egypt, as it includes 3 production lines with a production capacity of 200,000 tonnes per year and provides 2,500 jobs. It is also one of the largest fibreglass production projects as it achieves revenues of more than $220m annually with export value of about $200m annually.


Clic here to read the story from its source.