Enara wants to invest USD 200 mn to sell solar power direct to Egypt consumers

INVESTMENT WATCH- Enara wants to invest USD 200 mn to sell solar power direct to consumers: Enara Capital is lining up capital for a USD USD 200 mn pipeline of solar power projects with a combined generation capacity of 200 MW, CEO Sherif El Gabaly said. The company is in talks with the government to sell the power from these plants directly to consumers under an independent power producer (IPP) framework. El Gabaly had said back in February that the company was looking to invest USD 300 mn over the course of the next five years in power plants with a combined production capacity of 300 MW.