Citystars, Park St., Sky Innovo roll out EGP 100 bn megaproject in New Cairo

Citystars and Park St. launched a EGP 100 bn mixed-use development in New Cairo — called Citystars Park St. — in partnership with Sky Innovo Developments, according to a statement (pdf) from Sky Innovo. The USD 1.9 bn, 140k sqm development will feature office spaces and hospitality services managed by Fairmont Hotels and Resorts, as well as a retail area.

EBRD considers financing Amea Power energy storage rollout

EBRD mulls funding Amea Power projects in Egypt: The European Bank for Reconstruction and Development (EBRD) is mulling lending USD 223.5 mn to Emirati renewables player Amea Power to build 750 MW/1.5 GWh of battery storage capacity, split between two loans. The first one is for a 500 MW/1 GWh battery energy storage system in Benban at a cost of USD 162.5 mn, while the second is for a smaller 250 MW/500 MWh unit in Zafarana at a cost of USD 61.0 mn.

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