Saturday 20 April 2024
 
»
 
»
Story

AfDB may offer $400m to Egypt wind power project

CAIRO, May 7, 2015

The African Development Bank Group (AfDB) is considering providing $400 million for the development of a wind power project in Egypt, a report said.

The project which will have a public-private partnership requires a total investment of $1.5 billion, according to the Amwal Al Ghad magazine report.

The wind farm backing will represent a portion of AfDB’s planned support for infrastructure and energy projects in Egypt this year, Leila Mokaddem, the bank’s resident representative in Egypt was quoted as saying.

AfDB may also provide $50 million in financing for a solar photovoltaic project in Egypt, Amwal Al Ghad had reported last month.




Tags: Egypt | wind power |

More Energy, Oil & Gas Stories

calendarCalendar of Events

Ads