February 4 (Renewables Now) – The Hungarian authorities will assist the development of a photo voltaic plant in Oman with funding prices estimated at EUR 10 million (USD 11.28m).
A deal was signed on Wednesday throughout a go to of Hungary’s Minister of International Affairs and Commerce Peter Szijjarto to the sultanate, state-owned Oman Information Company ONA stated.
Extra particulars concerning the photo voltaic undertaking weren’t disclosed.
At a joint press convention with Oman’s International Minister Sayyid Badr Al Busaidi, Szijjarto stated that the financial relations between the 2 nations are primarily based on the strategic cooperation between the Oman Oil Advertising Firm and Hungary’s oil and gasoline main MOL (WSE:MOL) and now corporations from the European nation will become involved in Oman’s renewables sector.
Throughout the go to, authorities officers of the 2 nations held conferences to debate cooperation within the space of vitality, commerce, increased training, tourism and funding in renewable vitality.
(EUR 1 = USD 1.129)