China Energy Engineering subsidiary to install 500 MW of solar in Egypt

Solar panels. Author: Frédéric BISSON. License: Creative Commons, Attribution 2.0 Generic.

January 3 (Renewables Now) - China Gezhouba Group Company Limited (SHA:600068) has secured a contract to build distributed solar power generation facilities with a combined capacity of 500 MW across Egypt, its parent China Energy Engineering Corporation (HKG:3996) said on Friday. 

The USD-287.5-million (EUR 261.3m) contract, signed recently, covers design, construction work, equipment procurement, installation, commissioning and supply of spare parts. The agreement is for a period of three years, according to the statement.

China Gezhouba is a construction and engineering company, a subsidiary of the state-owned energy conglomerate.

(USD 1.0 = EUR 0.909)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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