CAIRO: The renewable energy authority has begun to offer lands for investors who are willing to establish new renewable energy projects, Youm 7 reported Monday.
The renewable energy authority, which lies under the umbrella of the Electricity Ministry, will be offering property to investors who are committed to developing projects with a capacity of 4,300 megawatts, a ministry source told Youm7.
Egypt has suffered from chronic power shortages since the January 25 Revolution, with rolling blackouts becoming common during the summer in times of peak usage.
Egypt produces annually around 30,000 megawatts through different sources of power; around 600 megawatts of which are generated through renewable sources.
The ministry announced on Sunday that it completed reviewing 12 out 20 new projects proposed at the Egypt Economic Development Conference (EEDC) in Sharm el-Sheikh in March.