International Cooperation Minister Sahar Nasr signed on Sunday three agreements of cooperation with Abdel Wahab Badr, general director of the Kuwait Fund for Arab Economic Development at a value of LE1.25 billion (US$135 million). The agreements included two grants to support Syrian refugees, establish a solar energy station with capacity of 1,000 megawatts and a factory to produce solar energy panels, in addition to a fund to carry out a project of desalination of seawater east of Port Said. Funds allocated to health projects are estimated at around US$ eight million, while funds allocated to water and drainage projects reach around US$ six million. The first one is establishing a solar energy station at capacity if 1,000 megawatts and the second is establishing a plant to produce solar energy panels (silica). The projects come within the national labs to develop the solar energy sector in Egypt, thus contributing to the renewable energy by 20 percent in 2020.

Source: Egypt Independent December 04, 2016 21:49 UTC