Egypt’s largest solar plant receives US$114 mn financing package ...Egypt

EGYPT INDEPENDENT - News
source : EGYPT INDEPENDENT ( Egypt ) () 9
On Thursday, the European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank signed a US$114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt. According to an EBRD press release, the new plant, Kom Ombo, will add 200 MW of energy capacity, serving 130,000 households and further increasing the share of renewable energy in Egypt. The five signatories will provide funding for the project, which will be located approximately 20 kilometers from African’s largest solar park, the Benban complex. ACWA power

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