Intro Energy is planning to launch several projects to produce electricity from renewable resources with investments of $100m within three years.

Mohamed Mamdouh Abbas, the managing director of the company, told Daily News Egypt that Intro Energy will be implementing a solar energy plant with a capacity of 20MW in Sharm El-Sheikh with the net metering system and a solar power plant with a capacity of 10MW in favour of a group of hotels, in addition to a solar plant with a capacity of 5MW for a hotel in Sharm El-Sheikh.

He explained that the net metering system includes installing a digital meter able to calculate the net usage, so that the current coming from the electricity grid and the generated current from the solar power plant can be calculated using a compensation system between production and consumption.

(LINK).