Telecom Egypt (TE) [ETEL.CA] is preparing to launch a tender for solar power plants with various capacities ranging between 50KWh and 300KWh, according to Al Borsa. TE’s plan comes in the context of the wider government initiative to power 1,000 government buildings with solar power in order to reduce the burden on the national electricity grid. (Al Borsa) Telecom Egypt: EGP13.32 as of 11 January 2017, Rating: Neutral, TP: EGP10.25 per share, MCap: USD1,226mn, ETEL EY / ETEL.CA
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