Displaying items by tag: Misr Asset Management
Yingli Solar and Misr Asset Management to sell solar energy to Building Materials Industries
28 February 2019Egypt: 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.
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