A consortium led by B-Electric has signed an initial agreement with the New and Renewable Energy Authority to establish a 50 MW solar power plant in Zafarana, the local press reports, citing unnamed sources familiar with the matter. A final agreement is set to be signed within 3-4 weeks. The project is financed by a EUR 50 mn loan provided by the KfW Development Bank.
More from Enterprise
The CBE is taking a tougher stance on regulation
Last summer, HSBC paid the CBE a EGP 1.4 bn…
Farmers aren’t borrowing to survive anymore — they’re investing
Medium-term loans rose more than 1k% to EGP 22.6 bn…
Futures trading to land on the EGX in March
Futures contracts will first debut on the EGX30 before eventually…
Valu gets regulatory green light to start operations in Jordan
Former Jordanian Investment Minister Mothanna Gharaibeh will serve as chairman…