Intelligent Micro Solutions (IMS) is currently in talks with several financial institutions and foreign companies to arrange USD 500 mn to finance the construction of solar power plants in Egypt, General Manager Magdy Saleh tells Al Shorouk. According to Saleh, the plants’ production capacities will range between 50 MW and 5 GW, and will meet local industry’s demand for electricity. IMS is currently partnering with another local solar energy firm to form a new company that will be responsible for implementing the solar power projects.

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