The German-Egyptian alliance, led by Fraunhofer, started conducting legal and administrative studies to establish a solar panel plant in Egypt. Government sources told Daily News Egypt that the alliance completed the financial and marketing studies, leaving only the administrative and legal aspects. The Kuwait Fund for Arab Economic Development is financing the feasibility study of setting up a solar panel production plant, with technical assistance of $680,000. The Egyptian Ministry of Military Production directly supervises the preparation of the study, through technical and financial committees established for this purpose. The sources pointed out that there are ongoing negotiations with Chinese and German companies to implement and finance the project.

Source: Daily News Egypt December 19, 2018 03:56 UTC