A government-owned Chinese company, in alliance with Frienergy, allocate $200m as an investment minimum in new and renewable energy projects in Egypt this year. He added that Frienergy is planning on implementing projects, in cooperation with a government-owned Chinese company. “We have a long-term plan to invest in electricity projects in Egypt over the upcoming period, and there is no difficulty in financing them. Frienergy has implemented projects in Egypt and Iraq to develop businesses, including establishing an electricity line in Basra, which is 672 km long. The Egyptian state has many contractual systems to establish projects for energy production from solar energy, including the feed-in tariff, the independent product, and net measurements.

Source: Daily News Egypt January 09, 2019 06:11 UTC