Spanish and Chinese firms compete over Kom Ombo solar power plant contract

Spain’s TSK Group and China’s Nari Solar Energy Technology are competing over the contract for the development of a 26 MW solar power plant in Kom Ombo in Upper Egypt, sources tell Daily News Egypt. The two companies have already submitted letters of guarantee worth EUR 500k each, while three others that had qualified for the tender — Shanghai Electric, Sterling And Wilson, and TBEA — failed to submit their paperwork in time, the sources add. Work on the project should begin in 1Q2018, the sources add.