Military Production Ministry in talks to fund EGP 2 bn PV solar panel factory

The Military Production Ministry is in talks with 10 banks and financing institutions to participate in funding its EGP 2 bn PV solar panel factory in Edfu, deputy head of the National Organization for Military Production Ahmed Mansour tells Al Borsa. No details were provided on which institutions the ministry is currently in talks with, or how much funding they would offer. As we noted last week, China’s TBEA Sunoasis announced it would put up 49% of the capital in the project. The factory is expected to supply the Benban solar park.