Egypt’s Arab Renewable Energy Co. (ARECO), a subsidiary of the Arab Organization for Industrialization (AOI) of Egypt, signed a contract with with Disctech FZCO, an affiliate of Z-One Holding of the United Arab Emirates, to establish a Solar PV production line in AOI compound.
The initial production capacity will be 21 MW and is expected to commence in September including all types of PV modules. Plans to reach an annual production capacity of 80 MW is expected by 2017. Dr. Samir Darwish, CEO of AOI/ARECO, added, "We are determined as the government of Egypt to support solar energy manufacturing and make it a success story for the region."
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