Arab News: Egypt has signed $700 million worth of contracts for the Kom Ombo Solar Energy Complex, the chairman of the New and Renewable Energy Authority said.
Kom Ombo is located about 10 kilometers from the Benban Solar Energy Complex in Aswan Governorate, NREA chairman Mohammed El Khayat told Asharq Business.
It includes 32 solar energy projects with total foreign direct investment exceeding $2 billion. It has helped to create 10,000 jobs, he said.
The latest addition to Kom Ombo is a 200-megawatt Build-Own-Operate (BOO) facility, he said.
El Khayat also said that Egypt is working on a number of wind energy projects.
The sector has attracted financing from several different sources which he said reflected the attractiveness of the renewables sector in Egypt.
El Khayat said that there were current studies into the idea of linking the power networks of Egypt and Saudi Arabia. The country was also looking at a potential link to Europe through Greece, but this was still at an early stage.