INVESTMENT WATCH- Empower to invest USD 250 mn in WtE plants in Egypt: Renewable energy company Empower is planning to build 36 waste-to-energy (WtE) plants in Egypt at a total cost of USD 250 mn, Chairman Hatem El Gamal said. The company signed a funding agreement with leasing firm BM Lease and other backers to finance 70% of the planned development, he added. The firm is planning to sell electricity from the plants under the independent power producer (IPP) framework. Electricity Minister Mohamed Shaker said last week that Egypt has received offers from regional and international companies to build renewable power generation facilities with a total capacity of 5.5 GW.

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