The New and Renewable Energy Authority (NREA) and the Japan International Cooperation Agency (JICA) have signed a USD 106 mn loan agreement to fund a 20 MW solar power plant in Hurghada, Al Masry Al Youm reports. JICA appears to have upped the loan from an initial USD 60 mn approved in October. The project, which had been in limbo for over two years, will be put up for an international tender by September this year, says NREA chief Mohamed El Khayat. The power plant is set to begin production by mid-2019.

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