EBRD, IFC, and OPIC Provide $252 Million for a 250 MW Wind Project in Gulf of Suez
The European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), and the Overseas Private Investment Corporation (OPIC), are jointly investing $252 million (~₹17.96 billion) for a new ...
Egypt Set to Open its Renewable Energy Market to Private Producers
The government of Egypt is in the process of finalizing regulations about the production and sale of electricity from new private renewable power projects directly to consumers by September 2019 ...
Lowest Tariff of 2.79 cents/kWh Quoted in Egypt’s 200 MW Solar Auction
The Egyptian Electricity Transmission Company (EETC) has announced the financial bids for the construction of a 200 MW solar power plant in Kom Ombo, according to the Daily News Egypt. EETC ...
Lightsource BP Forms JV with HA Utilities for Solar Projects in Egypt
Lightsource BP, a global renewable energy development firm, has formed a joint venture (JV) with HA Utilities, a part of Egyptian construction and engineering group Hassan Allam Holding (HAH), for ...
MIGA to Provide $102.6 Million for Six Solar Projects in Egypt
Multilateral Investment Guarantee Agency (MIGA), a World Bank Group member, has decided to provide guarantee of up to $102.6 million in support of the construction, operation, and maintenance of six ...
EBRD and Proparco Provide $116 Million to Finance Installation of 100 MW of Solar in Egypt
The European Bank for Reconstruction and Development (EBRD) and Proparco, a French financial institution, are financing the installation of two 50 MW solar projects in to be developed the Benban ...
