Last Update 14:38
Tuesday, 26 March 2019

Egypt welcomes serious offers of int'l companies to operate power stations: PM

MENA , Ahram Online , Tuesday 19 Feb 2019
Mostafa Madbouly
Egypt's newly appointed Prime Minister Mostafa Madbouly (Photo: Al-Ahram)
Share/Bookmark
Views: 1533
Share/Bookmark
Views: 1533

Egypt's Prime Minister Mostafa Madbouly said his country welcomes any offers by international companies for investment in the operation and management of electrical energy stations.

The premier's remarks were made during his meeting with Sameh Shenouda, Chief Executive Officer at Zarou Limited Company, an affiliate of US's Blackstone Group, in the presence of Minister of Electricity Mohamed Shaker to explore the company's offers to invest in the electricity projects as well possibility of investment in the seawater desalination and sewage water treatment projects.

During the meeting, Madbouly asserted that the government welcomes all offers for investment in the various fields, especially the electricity sector. He announced his full support for the company's plans for investment in Egypt.

Zarou’s focus is primarily on thermal and renewable power investments and also includes oil & gas midstream and water assets.” Through Zarou, Blackstone will invest “hundreds of mns of USD” in Egypt, Jordan, and Morocco, among other countries in the region. 

Egypt aims to boost its use of renewable energy to 22 percent by 2020 as part of efforts to achieve sustainable development.

Search Keywords:
Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.