Mohieldin, US Solar Energy Consider Projects in Egypt 

The Minister of Investment, Dr. Mahmoud Mohieldin, met in Cairo with the board chairman of a major US solar energy corporation. The corporation's official expressed interest in launching a solar energy project in Egypt through building a solar energy generation station and a plant to produce power generation units and equipment generates approximately 1.3MW per year.

The project will be providing some 250-job opportunities in its first phases and a total of 4,000 jobs throughout the full duration of the project and its operations.

The corporation has footprints in many American states; particularly Florida and Arizona, in addition to its overseas activities in India and Malaysia, stated the American official.

He stressed his interest in investing in Egypt thanks to its unique geographical location and abundance of solar energy. In Egypt, solar energy is available 3,000 hours per year, one of the highest rates worldwide.

Dr. Mohieldin stressed the Egyptian government's keenness to promote investments in new and renewable energy and its desire to benefit from US expertise in this field.

"Land needed for such projects are available, particularly in the areas provided by the newly-constructed Upper Egypt-Red Sea Road," Minister Mohieldin noted.

A visit to the project's proposed sites is to be arranged for the US delegation, in coordination with the Ministry of Electricity and Energy, according to Dr. Mohieldin's instructions.

The meeting was attended by the Upper Egypt-Red Sea Investment & Development Company Chairman, Mohamed Hosni, and a number of officials from the Ministry of Investment.