- The government of Japan and Egypt have signed a joint development agreement for the construction of two 50MW Solar PV plants
- The two projects will be located in the towns of Sesheke and Mongu respectively.
- The projects have come about in the form a partnership agreement between Egyptian company, Elsewedy Electric Groupand Japanese company, Toyota Tsusho Corporation.
- The agreement has been signed on the sidelines of the 7th Tokyo International Conference on African Development(TICAD7), currently being held in Japan.
According to the Ministry of Investment and International Cooperation the project will be funded by the Japan Bank for International Cooperation (JBIC) for the Zambian Ministry of Energy.
The agreement is one of the 16 memorandums of understanding (MoU) signed at TICAD 7 by the trading arm of Toyota Group. TTC also signed a MoU for an 80 MW hybrid wind, solar and storage project in Kenya through its group company Eurus Energy at the event. Read more
Author: Bryan Groenendaal