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Norwegian Company to establish $1.1B solar station in Nag Hammadi

This station will be established with a capacity of 2 gigawatts to produce electricity and feed the industrial complex in Nag Hammadi near the aluminum production plant.

By: Business Today staff

Tue, Mar. 5, 2024

Egypt collaborated with a Norwegian company to establish a solar energy station in Nag Hammadi with an investment volume estimated at approximately $1.1 billion, Major General Ashraf Al-Daoudi, Qena Governor stated during his meeting with Hilde Klemetsdal, Norway's Ambassador to Egypt.

This station will be established with a capacity of 2 gigawatts to produce electricity and feed the industrial complex in Nag Hammadi near the aluminum production plant.

This came within the framework of Egypt strategy to promote the transition to a green economy, diversify energy sources, and expand the use of new and renewable energies in producing the electricity needed for industrial uses, Al-Daoudi added.

Recently, The Ministry of Public Business Sector, in collaboration with the Norwegian company SCATEC, has initiated the necessary procedures to inaugurate a solar station in the "Al-Hew" desert area.

The station takes its name from the vast empty desert region and its proximity to the aluminum factories in Nag Hammadi.

There is currently a high demand for investments in the governorates of Upper Egypt, particularly in new and renewable energy projects, specifically solar energy stations.

This growing interest stems from the remarkable success of the Benban solar energy station in Aswan Governorate, which stands as one of the most significant stations globally.