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| Italcementi's Italgen to develop a wind farm  The Italcementi Group, through its subsidiary Italgen, has signed a memorandum of understanding in Cairo with the Ministry for Energy and Electricity aimed at the possibility to create a major wind farm located in the district of Gabal El Zeit, on the Red Sea coast. The memorandum is part of the energy policy plan issued by the Egyptian government to support foreign investments for the development of renewable energies, first of all wind and solar energy. Italcementi, within the framework of the positive relationships of collaboration between Italy and Egypt, has been closely and actively working with the Ministry for Electricity and Energy for some time to identify a feasibility plan for international investments in the wind sector, in accordance with the Egyptian Government’s Development Plan of ensuring at least 20% of electrical power will be generated by renewable sources by 2020.write your comments about the article :: © 2007 Construction News :: home page |