INVESTMENT WATCH- Enara Capital is planning to invest USD 300 mn in developing renewable energy projects in Egypt over the next five years, CEO Sherif El Gabaly tells Al Borsa. The projects, which will include solar, wind and waste-to-energy projects, will have a combined capacity of 300 MW. The company had announced in December that it would partner up with a Chinese consortium to invest USD 1 bn in renewable energy projects in Africa over the next three years. The projects will be funded under the World Bank’s financing framework for renewable energy projects in the region, under which Egypt has received c. USD 1.8 bn in funding.

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