Turkey’s Jade Textile to establish $1.5mln solar plant for 10th of Ramadan factory

Getty Images/Getty Images

The plant will have a capacity of 1,660 kilowatts/hour (kWh), Abu Baker said, adding that it is set to save 30% of the factory’s electricity consumption

Staff Writer, Arab Finance

PHOTO

Türkiye-based ready-made garments manufacturer Jade Textile has contracted with a Gulf-based consultant to set up a solar power plant for its factory in the Tenth of Ramadan City, with investments estimated at $1.5 million, Corporate communication and PR Country Manager Moataz Abu Baker told Al Borsa News.

The plant will have a capacity of 1,660 kilowatts/hour (kWh), Abu Baker said, adding that it is set to save 30% of the factory’s electricity consumption.

As per an agreement with Jade Textile, the Arab African International Bank (AAIB) will partially finance the construction of the plant, he pointed out.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.