Protocol between military production ministry, African bank for establishing solar plants

CAIRO - 12 April 2020: Minister of State For Military Production Mohamed Saeed El Assar attended on Sunday a ceremony for signing a cooperation protocol between Benha Electronic Co (Military plant 144) and the Arab African International Bank for establishing solar energy stations.

In statements, Assar said the aim of the protocol is to cooperate between the two sides in financing Benha Electronics Co. plan to buy and establish solar energy stations from the company's production to generate electricity at its affiliate facilities.

According to the protocol, the bank will finance the project as part of the keenness to cooperate with state agencies including banks and the private sector.

Deputy board chairman of the bank Sherif Elwi described the protocol as a chance for cooperation between the two sides as the Ministry of Military Production is considered a national institution and praised the companies affiliated to the ministry including Benha Electrocnic Co., its skills staff and technological products.