Alfanar injecting USD 300 mn investments in electricity, renewable energy in Egypt

Saudi Arabia’s Alfanar is targeting investments worth USD 300 mn in Egypt in the electricity and renewable energy sectors, vice chairman Sabah Almutlaq says, Al Borsa reports. Almutlaq did not specify a time for the investments, but we know that Alfanar signed last week a power purchase agreement to sell solar power from a USD 75 mn, 50 MW power station in Benban to the Egyptian Electricity Transmission Company.