Infinity Power taps China’s Aiko Energy for 1.2 GW Nefer Minya mega-plant

Infinity Power is moving Nefer Minya closer to execution, formally acknowledging a 1Q letter of award with Chinese PV firm Aiko Energy for the supply of PV modules to the 1.2 GWp project, according to a company statement(pdf). The project — which is being co-developed with Hassan Allam Utilities Energy — is expected to generate enough clean energy to power around 1.4 mn homes and avoid roughly 1.6 mn tons of CO2 emissions annually.

Meanwhile, in South Africa: The company also locked in conditional engineering, procurement, and construction (EPC) agreements for two South African solar projects. Infinity tapped Sterling and Wilson for the 285.6 MWp Highveld project and selected PowerChina Guizhou Engineering as the preferred contractor for the 488 MWp Ngwedi cluster.

REMEMBER- Infinity Power and Hassan Allam Utilities signed complementary agreements inNovember 2025 for two solar plants with a combined 1.2 GW of capacity and 720 MWh of battery storage. The first asset to come online will be a 200 MW plant in Benban with 120 MWh of storage, due in 3Q 2026. This will be followed by a larger 1 GW plant in Minya featuring 600 MWh of storage, due in 3Q 2027. Infinity Power also broke ground on its 200 MW Ras Ghareb wind farm back in December 2025.

Getting SWIFT with it

Egyptian banks adopted the ISO 20022 international standard for SWIFT financial messaging in interbank transfers starting yesterday, the Central Bank of Egypt (CBE) said in a statement. The move follows upgrades to Egypt’s Real-Time Gross Settlement (RTGS) system to bring it into compliance with the international standard.

Why it matters: ISO 20022 allows richer, more structured data to travel with each payment — speeding up real-time interbank settlement, reducing manual intervention in cross-border transactions, and strengthening automated AML and counter-terrorism financing screening.

In other banking news: The CBE has barred banks from financing certain equity-related actions, namely funding the capital of newly established companies, capital increases, cashbased dividend distributions, and employee bonus shares, according to a circular (pdf) by the central bank. The move could be seen as a means of ensuring that bank credit is used to back a customer’s business and operating activities in line with banking standards.

Sun-baked savings

Titan Egypt signed a 25-year power purchase agreement (PPA) with SolarizEgypt to build an 11.45 MW solar plant for its Beni Suef Cement subsidiary, according to a press release. SolarizEgypt will finance, build, own, and operate the plant, while Beni Suef Cement will buy the output — letting Titan add renewable capacity without the upfront capital outlay. The plant is expected to cover a significant portion of the site’s electricity needs.

IN CONTEXT- The PPA extends a cost-and-carbon push the sector has leaned on heavily this past year. Energy accounts for up to 60% of cement production costs per ton, and the shift toward alternative fuels has driven both the sector’s 2025 recovery and its 2026 export push — including a EUR 5.4-per-ton pricing edge on lower-carbon exports to Europe under CBAM, as we reported in March. Titan has earmarked EGP 3 bn for its green transition, including halting clinker exports entirely in favor of lower-emission finished cement.