MDBs group together to fund Egypt solar plant

Installing solar panel rooftop from Adobe 9Jul20 575x375
By Mariam Meskin
23 Apr 2021

A consortium of international lenders is funding the development of Egypt’s largest solar plant.

The financing package consists of $114m of funds in total, provided by a group of lenders.

Those banks include the African Development Bank, Arab Bank, European Bank for Reconstruction and Development, the Green Climate Fund and Opec Fund for International Development.

The funds have been raised by Saudi Arabia-headquartered Acwa Power to support ...

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