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Sumitomo Corp - Announces Participation In Onshore Wind IPP Project In Egypt

Sumitomo Corp 8053:

  • ANNOUNCES PARTICIPATION IN ONSHORE WIND IPP PROJECT IN EGYPT

  • ACQUIRED EQUITY STAKE IN AMUNET WIND POWER CO, SIGNED LOAN AGREEMENT WITH GROUP INCLUDING JBIC FOR PROJECT

  • PROJECT INVOLVES CONSTRUCTION, OWNERSHIP, OPERATION OF ONSHORE WIND FARM WITH CAPACITY TO GENERATE ABOUT 500MW OF ELECTRICITY

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