{"id":603315,"date":"2019-04-18T04:00:36","date_gmt":"2019-04-18T04:00:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/18\/intro-group-subsidiary-to-inaugurate-first-phase-of-40-mw-solar-facility-in-sharm-el-sheikh-under-phase-one-of-fit\/"},"modified":"2019-04-18T04:00:36","modified_gmt":"2019-04-18T04:00:36","slug":"intro-group-subsidiary-to-inaugurate-first-phase-of-40-mw-solar-facility-in-sharm-el-sheikh-under-phase-one-of-fit","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/18\/intro-group-subsidiary-to-inaugurate-first-phase-of-40-mw-solar-facility-in-sharm-el-sheikh-under-phase-one-of-fit\/","title":{"rendered":"Intro Group subsidiary to inaugurate first phase of 40 MW solar facility in Sharm El Sheikh under phase one of FiT"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <b>EXCLUSIVE- Intro Group subsidiary to inaugurate first phase of 40 MW solar facility in Sharm El Sheikh under FiT Phase I:<\/b> <a href=\"https:\/\/introgroup.org\/\">Intro Group<\/a>, the private Egyptian conglomerate with holdings including oil and gas driller <a href=\"http:\/\/investors.adihgroup.com\/\">Ades<\/a> (LON: ADES), exploration and production company <a href=\"http:\/\/npcsaz.com\/\">NPC<\/a> , real estate developer <a href=\"http:\/\/www.m2-developments.com\/\">M2 Developments<\/a>, and bakery chain <a href=\"http:\/\/www.tbsfresh.com\/\">TBS<\/a>, will inaugurate the first 5 MW phase of what will become a 40 MW solar power generation facility in Sharm El Sheikh. The first 5 MW will come online under the first phase of the national feed-in tariff system for solar energy. Intro Energy is the developer of the facility, with <a href=\"https:\/\/gilaelectric.com\/\">Gila Electric<\/a> as co-developer and <a href=\"https:\/\/www.se.com\/eg\/en\/\">Schneider Electric<\/a> as equipment and technical assistance provider. Intro is in the final stage of lining up a leading development partner for the remaining 35 MW of capacity, which it hopes to sell under a long-term power purchase agreement with a private off-taker.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EXCLUSIVE- Intro Group subsidiary to inaugurate first phase of 40 MW solar facility in Sharm El Sheikh under FiT Phase I: Intro Group, the private Egyptian conglomerate with holdings including oil and gas driller Ades (LON: ADES), exploration and production company NPC , real estate developer M2 Developments, and bakery chain TBS, will inaugurate the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,3372,924,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603315","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-intro-group","tag-schneider-electric","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9c2ab5bb-8933-447f-95ba-d3bed728f809","is_powered_by":true,"section_story_id":"939d5dac-096e-4df9-962a-e05538ef3a2c","story_type":"1","photo_url":"","photo_position":"above","related_issue":[603305],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The facility, which was\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600520,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/31\/schneider-electric-in-talks-over-35-mw-solar-plant\/","url_meta":{"origin":603315,"position":1},"title":"Schneider Electric in talks over 35 MW solar plant","author":"enterpriseam admin","date":"31 January 2019","format":false,"excerpt":"Schneider Electric is in talks with the Electricity Ministry over a 35 MW solar plant in Sharm El Sheikh, reports Al Mal. The plant is expected to feed 7 MW into the national grid, and provide electricity for more than 2,000 homes.","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623083,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/fas-energy-reportedly-completed-usd-75-mn-50-mw-solar-power-plant-under-fit-phase-one-program\/","url_meta":{"origin":603315,"position":2},"title":"Fas Energy reportedly completed USD 75 mn 50 MW solar power plant under FiT phase one program","author":"enterpriseam admin","date":"21 October 2018","format":false,"excerpt":"Fas Energy, a subsidiary of Saudi Arabia\u2019s Al Hokair Group, reportedly completed a 50 MW solar power plant under phase one of the feed-in tariff program for USD 75 mn, an unnamed official from the New and Renewable Energy Authority said, according to Al Mal. 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