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News Yingli Solar and Misr Asset Management to sell solar energy to Building Materials Industries

Yingli Solar and Misr Asset Management to sell solar energy to Building Materials Industries

Written by Global Cement staff 28 February 2019
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Egypt: China’s Yingli Solar and Misr Asset Management (MAM) are planning to build a 100MW solar plant in order to sell electricity to Building Materials Industries Company (BMIC). Technical and economic studies have been completed for the US$80m plant but final approval is still awaited, according to Egypt Daily. The project will also receive US$50m in finance from the Asian Development Bank. BMIC operates a 1.5Mt/yr integrated cement plant at Assiut.

Last modified on 06 March 2019
Published in Global Cement News
Tagged under
  • Egypt
  • Yingli Solar
  • Misr Asset Management
  • Building Materials Industries
  • Solar power
  • GCW394

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