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Norwegian 'Silence' plans $5B Egypt investment
The Norwegian company Statkraft intends to invest an additional $5 billion in Egypt over the next two years, focusing on renewable energy, energy storage, and industrial infrastructure. The current projects include the Aplik Solar Power and Storage Project, as well as the Wadi Energy and Maqsood projects, aimed at enhancing reliance on clean energy sources and achieving sustainable development, with ongoing implementation according to specific timelines. These investments are part of the strategic partnership between Egypt and Norway to support the green transition and economic development.
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