Egypt gets support for desalination projects: The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation will work with the Sovereign Fund of Egypt (SFE) to increase private-sector participation in four desalination plants powered by renewable energy, according to an EBRD statement and an Egyptian cabinet statement released last week. The two multilateral lenders will provide advice on how to structure and implement four public-private partnership desalination projects, and details regarding the type of renewable energy powering the plants were not disclosed.

Desalination is key for Egypt’s future water security: The plants are part of the government’s plan to add 8.8 mn cubic meters per day of desalination capacity by 2050. SFE’s CEO Ayman Soliman said in December that the fund will sign contracts for 21 desalination plants in 2023. As many as 28 companies were said to have bid for the contracts.

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