Egypt plans to invest US$1.2bn in CSP solar power plants development

EGYPT – Egypt’s ministry of military production in collaboration with Smart Engineering Solutions has revealed plans to invest US$1.2 billion in the development of concentrated solar power (CSP) plants. A significant portion of the US$1.2 billion investment will be used in the setting up of capacity to locally manufacture components of CSP system. Osama Kamal, company’s chairperson told Daily News Egypt that the selection process of CSP companies to cooperate with, “from a shortlist of up to16 companies, had already started and is expected to be complete. Kamal further revealed…

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