CAIRO, Dec. 18 (Xinhua) -- The Egyptian cabinet granted Wednesday a United Arab Emirates (UAE)-based renewable energy company the "Golden License" to build an 850-million-U.S. dollar photovoltaic (PV) power generation project in Upper Egypt's province of Aswan.
The project, to be built by Abydos for Renewable Energy, a subsidiary of the AMEA Power, will cover an area of 20 square km in New Benban, Aswan, and is planned to generate 1,000 megawatts (MW) of electricity with a 600-MW/hour energy storage system, the Egyptian cabinet said in a statement.
