Saudi’s Alfanar to start purchasing solar power from EETC

Saudi Arabia’s Alfanar signed offtake agreement to sell solar power to the Egyptian Electricity Transmission Company and hopes to reach financial close on a solar power station in about two months’ time, Al Borsa says. Alfanar vice chairman Sabah Almutlaq tells the newspaper the company is building a USD 75 mn, 50 MW power station with partial financing from the European Bank for Reconstruction and Development.