(MENAFN) A Dubai-based private firm is leading a consortium in bidding to develop solar and wind power plants for Egypt as part of the country's plans to diversify its power generation mix amid its worst energy crisis in decades, the company's chairman said, Gulf News reported.
Egypt is planning to expand both coal and renewable energy use. It is mostly dependent on natural gas to power homes and industry, and persistent shortages cause regular blackouts throughout the country of 85 million people.
Access Infra Africa, a partnership between United Arab Emirates' Access Power and France's renewable energy company Eren Development, plans to invest over USD500 million in renewable power assets in Africa over the next three years, the cairman of Access Power confirmed.
The new company has been prequalified earlier this month by Egypt's Ministry of Electricity to develop four solar plants with total capacity of 200 megawatts and two wind plants with 100MW, El Chaar said.
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