EBRD + IFC to help launch desalination PPPs: The European Bank for Reconstruction and Development and the International Finance Corporation (IFC) will work with the Sovereign Fund of Egypt to increase private-sector participation in proposed desalination plants, the EBRD, the IFC, and the cabinet said Wednesday. The two multilateral lenders will provide advice on how to structure and implement four public-private partnership desalination projects, the European bank said.

Desalination is key for Egypt’s future water security: The plants are part of the government’s plan to add 8.8 mn cubic meters per day of desalination capacity by 2050. SFE boss Ayman Soliman said in December that it will sign contracts for 21 desalination plants this year. As many as 28 companies were said to have bid for the contracts.

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