Okken panels is a low voltage solution for distribution and control. The product is to be applied in a variety of fields such as power plants, residential and administrative buildings, light and heavy industries, drinking water desalination and sanitation plants, infrastructure and oil and mining projects.
“Launching this new line is strong evidence for the trust of businessmen and investors in the investment climate and business environment in Egypt,” said the vice Chairman of the Egyptian General Authority For Investment (GAFI) Neveen El-Shafei.
SEC has been investing in Egypt since 1983. The company’s investments in the Egyptian market reached EGP 250 million in the energy sector, said Low Voltage Equipment and systems market manager, Ahmed Fateen.
“This line produces around 4,000 units annually, serving high end markets and sophisticated application” Fateen said.
El-Shafei added “the General Authority for Investment (GAFI) is doubling efforts as a way to take suitable procedures, to provide a stimulus climate in front of domestic and foreign investments. This aims to restore investment stability and confirm Egypt’s leading position on the regional and global investment map to re-attract more investments and create more job opportunities for Egyptian citizens.”
The New and Renewable Energy Authority (NREA) is scheduled to launch a tender in order to build two solar energy power stations in both Hurgada and Aswan, generating 20 Megawatts each, said NREA’s marketing manager Hani Ibrahim.
“SEC is keen on winning this tender especially as it relates to the company field and achievements in the field of solar energy,” Ibrahim added.
SEC has a solar power plant in Abu Monkar village, in the Alwadi Al-Gadid governorate. “The plant’s daily production equates to 108 kilowatts per hour,” said Ibrahim.