Bahrain-headquartered Terra Sola Group for solar power generation has proposed to invest $3.5bn in Egypt in a project aiming to develop solar photovoltaic technology, the group’s chairman David Heimhofer revealed.
Prime Minister Ibrahim Mehleb met on Tuesday with Heimhofer, alongside Minister of Electricity Mohamed Shaker, to discuss the project, according to a cabinet statement.
The project is expected to generate annual revenues of $760m, in addition to creating 20,000 job opportunities in the first year of operation, Heimhofer said. He added that his company has operated many solar energy projects in Bahrain, Kuwait, Morocco, Jordan and Oman.
Culled From Daily News Egypt
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