Contact Number
Egypt to invest $635 million to build 11 solar power plants

Author: BAYKEE    Source: BAYKEEs Official Website    Update: Sep 8, 2017


The Chairman of the Executive Board of the International Finance Corporation Group (IFC), a member of the World Bank, approved a $635 million investment aimed at helping Egypt build, operate and maintain 11 solar power stations.

solar power plants 

The total installed capacity of these stations is 500,000-kilowatt, which will be one of the largest private foreign direct investment projects in Egypt's electricity industry in recent years.


This is part of Egypt's landmark solar-power price scheme, a $730 million project in the vicinity of Aswan, aimed at leveraging the country's vast solar energy resources to mobilize private investment to build the world's largest solar photovoltaic power station.


In addition to helping stimulate economic growth, the project will also help to promote local economies, including temporary and long-term employment opportunities, and help reduce greenhouse gas emissions. "This landmark investment shows that as long as there is the right reform policy and the willingness of the government to allow more involvement of the private sector, investors can attract investment in every area, including infrastructure," said Mouayedmakhlouf, director of IFC in the Middle East and North Africa region. "Such investment is at the heart of economic growth, which is what Egypt needs." ”


Egypt's solar-power grid-price project, which includes funding from other institutions, including EBRD and Proparco, is expected to be one of the largest foreign direct investment projects in recent years, attracting as much as $2 billion in investment.

About Baykee :


Baykee New Energy Technology Incorporated Company is the leading high UPS power supply manufacturer, which dedicated to providing our clients with high-end technology, products and integration solutions. Baykee UPS system power supply efficiency is up to 98%, energy-saving &environment friendly, Emergency Power Supply switching time is less than 1.8ms, Refresh all Industry Technology record. Our achievements such as: Kenya Terminal, Bashir Farms, Vodafone Ghana data center, Guard Group Telecom Sites,Nigeria UT Bank Data Center and so on.


Foshan Baykee New Energy Technology Incorporated Company|

Factory adds: Building 4, No.115, Zhangcha 1st Road, Chancheng District, Foshan City, Guangdong Provice, China | 528051

Tel:+86-757-82026952 | Fax:+86-757-82207159 | Whatsapp/Mobile: +86 13242111296 | | |