{"id":577122,"date":"2022-11-10T04:00:51","date_gmt":"2022-11-10T04:00:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/we-just-lined-up-usd-15-bn-in-financing-for-nwfe-projects\/"},"modified":"2022-11-10T04:00:51","modified_gmt":"2022-11-10T04:00:51","slug":"we-just-lined-up-usd-15-bn-in-financing-for-nwfe-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/we-just-lined-up-usd-15-bn-in-financing-for-nwfe-projects\/","title":{"rendered":"We just lined up USD 15 bn in financing for NWFE projects"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Egypt is getting USD 15 bn for energy, food + water projects under NWFE:<\/strong> Egypt has signed a number of partnerships with international finance institutions and development partners to implement projects worth USD 15 bn under its Nexus on Water, Food and Energy (<a href=\"https:\/\/www.sis.gov.eg\/Story\/169930\/Egypt-aspires-to-present-success-story-in-COP27?lang=en-us\">NWFE<\/a>) program, the COP27 Presidency said in <a href=\"https:\/\/bit.ly\/3DScS4o\">a statement<\/a> yesterday. The program is the government\u2019s <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/196346a6-9073-4ec3-be85-d7263213092b\">flagship initiative<\/a> for getting climate finance to some of our most important green projects.<\/p>\n<p><strong>The details:<\/strong> The sizable investments will fund the implementation of one main energy project worth USD 10 bn and eight food security, agriculture and irrigation and water projects, the statement said. They include scrapping <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/bb47fa0e-86be-4684-9bfb-ee1067524e29\">5 GW of gas-fired plants<\/a> and replacing them with renewable energy, boosting small farmers\u2019 adaptation against climate change, and raising crop yields and water efficiency. The projects aim to achieve the emissions targets in Egypt\u2019s recently announced <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8e159042-29f4-48a3-8499-809e5f8c53a8\">nationally determined contributions<\/a> (NDCs).<\/p>\n<p><strong>Where\u2019s the money coming from? Officials from our friends at EBRD and HSBC<\/strong> were present at the signing ceremony, as were the good folks at African Development Bank, Citibank and Deutsche Bank, but the statement didn\u2019t disclose the funding breakdown. Representatives of the multilateral lenders have in recent weeks announced their participation in the initiative, with the EBRD revealing it will <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6de6e137-c444-4227-8153-71e7742f4808\">provide USD 200-300 mn<\/a> to the energy project and the AfDB saying it will give <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/196346a6-9073-4ec3-be85-d7263213092b\">more than USD 1 bn<\/a> to energy, food and water projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Egypt is getting USD 15 bn for energy, food + water projects under NWFE: Egypt has signed a number of partnerships with international finance institutions and development partners to implement projects worth USD 15 bn under its Nexus on Water, Food and Energy (NWFE) program, the COP27 Presidency said in a statement yesterday. The program [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":577123,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[1376,7286,228,101,571,93,72,125,6328],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-african-development-bank","tag-climate","tag-cop27","tag-development-finance","tag-ebrd","tag-energy","tag-enterpriseam","tag-investment-watch","tag-nwfe","wpautop","entry"],"acf":{"mongo_id":"e40eaa44-2bb4-49a3-9336-af3df3a4d395","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/163.jpg","photo_position":"above","related_issue":[577118],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>We just lined up USD 15 bn in financing for NWFE projects - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/we-just-lined-up-usd-15-bn-in-financing-for-nwfe-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We just lined up USD 15 bn in financing for NWFE projects\" \/>\n<meta property=\"og:description\" content=\"Egypt is getting USD 15 bn for energy, food + water projects under NWFE: Egypt has signed a number of partnerships with international finance institutions and development partners to implement projects worth USD 15 bn under its Nexus on Water, Food and Energy (NWFE) program, the COP27 Presidency said in a statement yesterday. The program [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/we-just-lined-up-usd-15-bn-in-financing-for-nwfe-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-10T04:00:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/163.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/we-just-lined-up-usd-15-bn-in-financing-for-nwfe-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/we-just-lined-up-usd-15-bn-in-financing-for-nwfe-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"We just lined up USD 15 bn in financing for NWFE projects\",\"datePublished\":\"2022-11-10T04:00:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/we-just-lined-up-usd-15-bn-in-financing-for-nwfe-projects\/\"},\"wordCount\":243,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/we-just-lined-up-usd-15-bn-in-financing-for-nwfe-projects\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/163.jpg?fit=%2C&ssl=1\",\"keywords\":[\"African Development Bank\",\"Climate\",\"COP27\",\"development finance\",\"EBRD\",\"energy\",\"EnterpriseAM\",\"investment watch\",\"NWFE\"],\"articleSection\":[\"Investment Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/we-just-lined-up-usd-15-bn-in-financing-for-nwfe-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/10\/we-just-lined-up-usd-15-bn-in-financing-for-nwfe-projects\/\",\"name\":\"We just lined up USD 15 bn in financing for NWFE projects - 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The projects include a \u201cmassive energy project,\u201d five projects in the field of agriculture and food security, and\u2026","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":589924,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/11\/eib-earmarks-eur-4-bn-for-local-development-projects-including-nwfe-al-mashat\/","url_meta":{"origin":577122,"position":1},"title":"EIB earmarks EUR 4 bn for local development projects including NWFE -Al Mashat","author":"enterpriseam admin","date":"11 July 2023","format":false,"excerpt":"Central Bank Governor Hassan Abdalla praised the EIB\u2019s \u201cinvaluable\u201d support","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/391.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587242,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/24\/afdb-mobilizes-usd-2-2-bn-to-bolster-egypts-water-security\/","url_meta":{"origin":577122,"position":2},"title":"AfDB mobilizes USD 2.2 bn to bolster Egypt\u2019s water security","author":"enterpriseam admin","date":"24 May 2023","format":false,"excerpt":"The funding will support desalination and water treatment plants for agriculture","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1306.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577204,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/14\/eib-could-commit-usd-1-5-bn-in-new-financing-to-egypt\/","url_meta":{"origin":577122,"position":3},"title":"EIB could commit USD 1.5 bn in new financing to Egypt","author":"enterpriseam admin","date":"14 November 2022","format":false,"excerpt":"EIB could invest in water projects in Egypt: The European Investment Bank (EIB) plans to commit USD 1.5 bn in new financing to Egypt, primarily focusing on water treatment, the bank\u2019s VP, Gelsomina Vigliotti, told Bloomberg Asharq on the sidelines of the COP27 summit. Vigliotti didn\u2019t provide further information about\u2026","rel":"","context":"In &quot;Development finance&quot;","block_context":{"text":"Development finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/development-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/215.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":576864,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/01\/were-borrowing-usd-2-bn-for-food-security-from-the-uns-agriculture-fund\/","url_meta":{"origin":577122,"position":4},"title":"We\u2019re borrowing USD 2 bn for food security from the UN\u2019s agriculture fund","author":"enterpriseam admin","date":"1 November 2022","format":false,"excerpt":"Egypt is getting a USD 2 bn loan from the UN\u2019s International Fund for Agricultural Development (IFAD) and unnamed \u201cpartner organizations\u201d to support small scale rural-farmers, Bloomberg reports.Where the money\u2019s going: The loan will be extended to the government until 2030 for \u201cproduction, food storage and food transportation,\u201d and to\u2026","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/38.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":577303,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/a-lot-of-renewables-a-lot-of-investment-to-drum-up\/","url_meta":{"origin":577122,"position":5},"title":"A lot of renewables = a lot of investment to drum up","author":"enterpriseam admin","date":"17 November 2022","format":false,"excerpt":"Initial agreements for green hydrogen and wind power projects worth up to USD 119 bn have been signed during COP27, according to figures published in a cabinet statement yesterday. The 28 GW worth of wind power Egypt has lined up will cost some USD 34 bn to put in place,\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/272.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=577122"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577122\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577118"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577123"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577122"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577122"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}