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21-08-21
Egypt seeks partners to invest in USD2.5B initiative
(MENAFN) According to Bloomberg, Egypt I looking for partners to invest in a USD2.5 billion initiative to construct over a dozen renewable energy-powered desalination plants by 2025, as the country seeks to undertake looming water scarcity.
Egypt Sovereign fund CEO, Ayman Soliman further stated that officials 17 new plants that would run on solar and other green sources, with each built, owned and operated by Egypt’s sovereign wealth fund in partnership with a group of local and foreign investors.
Soliman added that the 17 plants that are targeted to create a joint 2.8 million cubic meters of desalinated water per day are part of a broader plan to contribute 6.4 million cubic meters of daily capacity by 2050.
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