German firm Belectric and Athens-based Consolidated Contractors Company (CCC) have been awarded a contract to build and operate a 50MW photovoltaic (PV) solar plant in Zafarana, in Egypt’s Gulf of Suez region.

The contract was signed with Egypt’s New and Renewable Energy Authority (NREA) on 5 April in Cairo in the presence of Electricity Minister Mohammed Shaker. The German Development Bank will supply a credit line of €50mn ($60mn). (CONTINUED - 175 WORDS)