Egypt’s RGS, Saudi, French investors to bid on two solar plants worth USD 160 mn

Egyptian solar panel company RGS is planning to partner with unnamed Saudi and French companies to bid on two 50 MW solar power plants worth a combined USD 160 mn, RGS CEO Mohamed Ali told Al Mal. He expects the contracts for the plants to be signed next month, with work to begin in November. The company is aiming to sign up the plants as part of phase two of the feed-in tariff program.