Elsewedy Electric plans to reach financial close on its USD 70 mn solar power plant in Benban in 10 days, CEO Ahmed Elsewedy tells Al Borsa. Work on the project, which will be funded through the European Bank for Reconstruction and Development and the French Development Agency, will begin in 1Q2018, he added. The company has already signed the power purchase agreement with the Electricity Ministry and received land for the project.

Tags: