Misr Asset Management, Yingli Solar in talks to sell solar energy to BMIC

Misr Asset Management and China’s Yingli Solar are in talks to build a 100 MW solar plant for USD 80mn and sell its electricity output to BMIC’s cement plant, local press reported. The Asian Development Bank has agreed to provide USD 50 mn towards the costs of the plant. The project awaits final approval from BMIC’s board.