SolarizEgypt says deal signed for its 6 MW solar power plant in Ain Sokhna-Suez is the nation’s first private power purchase agreement

The 25-year agreement relates to a 6 MW solar plant that will meet up to 4% of the electricity demand of a facility owned by the Arabian Cement Company, in Egypt’s Suez governorate. The project is being financed by local bank QNB AlAhli under the EBRD’s Green Economy Program.