Egypt in Talks With Bahrain Group for $3.5 Billion Investment in Solar Project

摘要

Bahrain-based Terra Sola Group said it is in late-stage talks with the Egyptian government to build solar plants generating 2 gigawatts of power and costing $3.5 billion that will be raised by German funds. The plants may be built in regions including Aswan and Luxor on the Nile and Salloum and Masrah Matruh on the Mediterranean Coast, Terra Sola said in an April 15 e-mail. The group, which began talks with the Egyptian government last year, comprises RWE New Energy, Hareon Solar Technologies, Terra Nex Financials and a number of German tech companies including LTi ReEnergy.