Global Lease allocates EGP 100 mn to fund small solar power plants

Global Lease has allocated EGP 100 mn to fund small solar power plants through an agreement with Enara and Infinity with repayments over 3-5 years, said CEO Hatem Samir. Global Lease is also in talks with four local banks, including Attijariwafa and United Bank, to increase its financing portfolio by EGP 500 mn over the next two months to reach a total of EGP 3.5 bn, Samir recently told the domestic press.