German consultant Lahmeyer International will complete next month feasibility studies for UAE’s Masdar and the New and Renewable Energy Authority’s 200 MW, USD 250 mn wind farm, sources said, without providing specific details on the project. Unnamed Arab funds and foreign banks have agreed to provide USD 150 mn in financing, the sources added.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…