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Egypt’s minister of communications and
information technology, Yasser Elkady, has
held talks with Yangtze Optical Fibre and
Cable Joint Stock Limited Company (YOFC)
regarding the final steps for establishing
production of optical fiber cables.
Elkady
stressed
the
importance
of
developing
telecommunication
infrastructure, and of responding to the
current increase in domestic demand for
optical fiber cables.
YOFC Group (a partner of Huawei Global)
is believed to own the largest world market
share of optical fiber cables, and is one of
China’s largest investment entities. YOFC
is to choose one of Egypt’s technological
zones for its new plant because of the
Egyptian administration’s willingness and
desire to develop and grow the country’s
mature telecommunications sector.
The Information Technology Industry
Development Agency (ITIDA) has held a
series of intensive meetings with YOFC to
discuss the technical requirements of the
plant, and to advise on the appropriate
location of the plant in a new technological
zone.
Canadian Solar Inc has secured power
purchase agreements for an aggregate
80MW AC of solar power projects with
the Solar Energy Corporation of India
(SECI), a public sector undertaking of
the government of India. Canadian Solar
was awarded these projects under a
450MW solar capacity tender in the state
of Maharashtra, through a competitive
auction process. The projects are
scheduled to begin operations by late
2017 and will generate solar electricity for
SECI for the next 25 years.
“We are pleased to secure our first 80MW
AC of solar power projects with SECI,
a bankable and reputable off-taker
operating under the government of India.
This investment adds to our India pipeline
that stands at 110MW AC and represents a
significant milestone for Canadian Solar in
one of world’s fastest growing renewables
markets,” commented Dr Shawn Qu,
chairman and chief executive officer of
Canadian Solar.
Securing sales
New production in Egypt
wiredInUSA - April 2017
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