Metropolitan Egypt for Consulting has contracted with Infinity Energy Systems to collect financing worth EGP 10m to establish a solar energy plant in Aswan, according to Khaled Nagaty, chairperson of Metropolitan. Infinity has recently completed the establishment of a new company to build a 50MW solar power plant with a capital of EGP 16m. According to Nagaty, the collection of financing needed for clients was discussed and agreed on with Infinity, making Metropolitan Egypt the financing consultant for similar companies. Solving financing troubles is one of the main problems these companies are facing. According to Yasser Kamal, credit supervisor at Metropolitan Egypt, the company aims to finance Infinity from foreign investment funds specialised in financing solar and renewable energy projects.

Source: Daily News Egypt March 25, 2017 15:56 UTC