Vodafone Egypt to invest $10.6mln to run on renewables

Reuters Images/Asmaa Waguih

The company has inked a deal with the New and Renewable Energy Authority (NREA) to supply it with 260 gigawatts (GW) of electricity

Staff Writer, Arab Finance

June 13, 2023

PHOTO

Vodafone Egypt is planning to invest over EGP 330 million in clean and renewable energy resources to employ them in its network this year, Al Mal News reported on June 11th.

The company has inked a deal with the New and Renewable Energy Authority (NREA) to supply it with 260 gigawatts (GW) of electricity, which could be raised, from NREA’s renewable projects, Vodafone Egypt’s External Affairs and Legal Director Ayman Essam said.

The telecom operator aims to entirely run on renewables by 2025, Essam added.

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