Yingli Solar and Misr Asset Management to sell solar energy to Building Materials Industries

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Egypt: China’s Yingli Solar and Misr Asset Management (MAM) are planning to build a 100MW solar plant in order to sell electricity to Building Materials Industries Company (BMIC). Technical and economic studies have been completed for the US$80m plant but final approval is still awaited, according to Egypt Daily. The project will also receive US$50m in finance from the Asian Development Bank. BMIC operates a 1.5Mt/yr integrated cement plant at Assiut.

Last modified on 06 March 2019

URL: https://globalcement.com/news/item/8877-yingli-solar-and-misr-asset-management-to-sell-solar-energy-to-building-materials-industries

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