GreenEnergy Finland to deliver power to Egypt
GreenEnergy Finland (GEF) will deliver a photovoltaic (PV) plant to Egyptian Technical Projects Company (TEPCO). The contract is valued at about a million euros.
The PV plant will be delivered as an EPC project (engineering, procurement, construction), and it will be installed in the 6th of October City near the capital Cairo. The plant is scheduled to be operational in the first week of May next year.
The power plant will be engineered in Finland, but the majority of the part manufacturing and component assembly will be conducted in Egypt. Doing so, the highest possible localisation degree can be achieved along with the convenient installation services.
“This first Egyptian PV market delivery is extremely important and a true door-opener to markets that are at the beginning of huge growth,” says Miko Huomo, CEO of GreenEnergy Finland, in a release. “We’re very excited about this delivery contract and have not only found a client but a trusted partner for business expansion over the MENA (Middle East and North Africa) Region markets.”
GreenEnergy Finland is a rapidly growing market leader in Finland that specialises in PV system applications. The company was established in 2010.