Saudi-based Alfanar Company is planning to build a USD 250 mn wind power plant in Egypt by no later than 2021, CEO Gamal Wadi said, without revealing any further details. The plant comes as part of the company’s global strategy to invest USD 1.6 bn in renewable energy projects producing a total 1.6 GW of power by 2021, including plants in Spain, India and the UK. Alfanar has recently inaugurated a 50 MW solar plant in Aswan’s Benban complex under the feed-in-tariff program.

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