El Sewedy Electric, EBRD, EDF in $150 mln Egypt solar power stations deal

Egypt’s El Sewedy Electric has signed a $150 million contract with Électricité de France (EDF) and the European Bank for Reconstruction and Development (EBRD) to build two solar power stations in the North African country.

The solar power stations are with total capacity of 100 megawatts, Egyptian investment minister Sahar Nasr said at the Union for the Mediterranean’s Energy and Climate Business Forum in Cairo on Wednesday.