Egypt launches tax incentive package to strengthen business trust: Kouchouk    Death toll in Gaza rises to 41,226 amid ongoing Israeli aggression    Culture Minister directs opening of "Islamic Pottery Museum" to the public on 15 October    Abdelatty, Lavrov discuss cooperation, Gaza, Lebanon, Sudan    Saudi Crown Prince pledges $5bn investment in Egypt    ADB offers support to Bangladesh's interim govt.    Sri Lanka to introduce new e-passports in October    Asian bonds attract foreign inflows for 4th straight month    Turkey's agriculture-PPI up 32.1% YoY in August    Majid Al Futtaim, Valu partner to offer flexible mall gift cards    Italy's trade surplus hits €6.74b in July '24    Thai handout recipient number 40 million citizens    Egyptian potato 'secret ingredient' in Macfrut 2025: Expolink    Most Zagazig train accident victims recovered, 8 still under observation: Health Ministry    Restoration project at Edfu Temple reveals original coloured inscriptions for first time    Egypt joins Africa's FEDA    Egypt urges balance between human needs, environmental sustainability    Madbouly inaugurates Badya University in New October    Egypt's Culture Minister seeks input from Writers Union on national strategy    Egypt awards ZeroCarbon solid waste management contract in Gharbia    Egypt, UN partner on $14-m coral reef protection project    ADB approves $93.6m for Cambodia's rural utilities    Egypt condemns Ethiopia's unilateral approach to GERD filling in letter to UNSC    Egyptian pentathletes dominate world championships in Lithuania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Egyptian Olympic athletes champion local sportswear    Egypt's FM, Kenya's PM discuss strengthening bilateral ties, shared interests    Paris Olympics opening draws record viewers    Former Egyptian Intelligence Chief El-Tohamy Dies at 77    FABMISR supports young female athletes through "Women in Sports" platform    Who leads the economic portfolios in Egypt's new Cabinet?    Egypt's President assigns Madbouly to form new government    Financial literacy becomes extremely important – EGX official    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Saudi ACWA Power secures $123 mln to construct solar project in Egypt
Nada Ali Published in Amwal Al Ghad on 30 - 08 - 2023

Saudi Arabian utility developer ACWA Power announced on Wednesday that it has successfully secured a $123 million financial close for the construction of the 200MW Kom Ombo solar project in Egypt.
The financing institutions for this project include European Bank for Reconstruction and Development (EBRD), OPEC Fund for International Development, African Development Bank (AfDB), AfDB's Sustainable Energy Fund for Africa (SEFA), Green Climate Fund (GCF), and Arab Bank.
The package included loans amounting to $36 million from the EBRD, $14.6 million from the OPEC Fund, $14.4 million from the AfDB, $34.5 million from the GCF, $14.8 million from Arab Bank, and $10 million from SEFA.

Clic here to read the story from its source.