Chinese company TBEA SunOasis has signed a memorandum of understanding (MOU) with the Egyptian government to build 1GW solar power plant in the African country.
Under the terms of the MOU, the two sides will exchange expertise and assistance in the local production field as well as to transfer technology and knowledge for energy production through silicon solar cells.
The project is planned to be developed in two phases, with each having a 500MW capacity.
The MOU, which is part of Egypt’s plans to diversify energy sources, will also see the establishment of photovoltaic (PV) cells manufacturing capacity in the country.
Egypt International Cooperation Minister Dr Sahar Nasr said: “The project comes in line with the President’s directives to diversify energy sources and aims to make a quantum leap in the local manufacturing of solar power in Egypt.”
Egypt Ministry of International Cooperation (MOIC) plans to provide funds to undertake relevant feasibility study and establish the power plant, in coordination with development partners.
As part of MOU, TBEA will be responsible for transferring knowledge, training laborers and providing them with engineering consultancies. The training team will then operate and maintain the solar power plants.
TBEA will also cooperate in the research and development field, Nasr noted.
Image: Officials sign memorandum of understanding for developing 1GW solar project in Egypt. Photo: courtesy of Ministry of International Cooperation.