China's green energy company starts construction of biggest solar plant in Egypt

BY  | FROM Xinhua | 2018-04-12 18:29

  

  ASWAN, Egypt- Egypt and China's clean energy company TBEA Sunoasis started Tuesday the construction of four solar power stations at the Benban Solar Energy Park in Egypt's southern province of Aswan.

  The stations, with an output of 186 megawatts, are part of the giant Benban Solar Plant which is expected to be completed by mid-2019.

  The Benban Solar Plant, after its completion, aims to generate up to 2 gigawatts of utility-scale solar capacity through a total of 40 projects.

  Lynn Xia, TBEA's vice-president of overseas business, told Xinhua that the plant is going to be one of the largest in the world.

  "The responsibility is on our shoulders because we are the ones who deliver the work here," Xia said, adding that the project is TBEA's first in Africa.

  TBEA Sunoasis Company is a major global green and smart energy service provider with business in more than 20 countries. It is devoted to achieving sustainable development of human society with the use of smart, efficient and green energy.

  Governor of Aswan Magdy Hegazy, who attended the project's inauguration ceremony, said the total investment of the four stations is $180 million.

  The Benban Solar Park, about 650 km south of Cairo, is financed by a number of global funding agencies and banks, including the Asian Infrastructure Investment Bank and the Industrial and Commercial Bank of China.

  The solar plant, which occupies an area of 37 square km, will help Egypt increase its use of renewable energy to 22 percent of all domestic energy use by 2020.

  The project is estimated to help reduce global greenhouse gas emission through cutting more than half million tons of carbon dioxide annually.

      Financial Times

    • Fed fears market misreading of guidance
    • The US Federal Reserve is keen to revamp its forward guidance about future interest rates but terrified of a market misunderstanding, according to the minutes of its September meeting

      Reuters

    • Asian shares rebound after Fed renews dovish credentials
    • Asian shares bounced back and the dollar fell on Thursday after minutes of the U.S. Federal Reserve's latest policy meeting showed policymakers have some concerns about downside risks to the global economy and the dol...

      USA TODAY

    • Nigeria succeeds at containing Ebola
    • People here are shaking hands again, kissing, hugging, touching. These days, shops are open, people are working, and children are finally going back to 
      school
    Chinese Dictionary: