Abengoa Signs a Memorandum of Understanding With the Government of Egypt to Cooperate in the Development of the National Rene...
April 30 2015 - 2:43PM
- This MoU sets cooperation terms for the development of
dispatchable solar power plants, in particular Solar Thermal
Electricity (STE), in Egypt.
Abengoa (MCE:ABG.B/P SM) (Nasdaq:ABGB), the international company
that applies innovative technology solutions for sustainability in
the energy and environmental sectors, signed today a Memorandum of
Understanding (MoU) with the New and Renewable Energy Authority of
Egypt (NREA) and the Egyptian Electricity Transmission Company
(EETC) to define the terms of cooperation in the field of renewable
energy in Egypt.
The memorandum of understanding was signed today by Armando
Zuluaga, CEO of Abengoa solar business, during a ceremony in
Madrid, witnessed by Dr. Mohamed Shaker El-Markabi, Minister of
Electricity and Renewable Energy of Egypt.
The memorandum aims at initiating a commercial and technical
relationship between NREA, EETC and Abengoa, including a technology
cooperation and local value creation relating to solar energy
activities.
This MoU will allow to cooperate on the development of solar
thermal electricity (STE) and photovoltaic projects in Egypt, a
country with one of the best solar radiation levels in the world.
Abengoa has carried out various studies to assess the potential of
solar technologies in the country to contribute to the security of
supply of the Egyptian electricity system and the economic
development.
Abengoa offers proven proprietary solar technologies (solar
thermal and photovoltaic), with a special focus on innovation in
the development of new solar technologies, develops and operates
solar plants. The company currently has a total installed capacity
of 1,603 MW in commercial operation, 360 MW under construction and
320 MW in the pre-construction phase, distributed in 32 plants
worldwide.
About Abengoa
Abengoa (MCE:ABG.B/P SM) (Nasdaq:ABGB) applies innovative
technology solutions for sustainability in the energy and
environment sectors, generating electricity from renewable
resources, converting biomass into biofuels and producing drinking
water from sea water. (www.abengoa.com)
CONTACT: Communication Department:
Patricia Malo de Molina Melendez.
Tel. +34 954 93 71 11
E-mail: communication@abengoa.com
Investor relations:
Ignacio Garcia Alvear.
Tel. +34 954 93 71 11
E-mail: ir@abengoa.com