{"id":634305,"date":"2018-01-11T04:01:00","date_gmt":"2018-01-11T04:01:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/world-banks-miga-to-provide-usd-102-6-mn-in-guarantees-for-six-solar-plants-in-egypt\/"},"modified":"2018-01-11T04:01:00","modified_gmt":"2018-01-11T04:01:00","slug":"world-banks-miga-to-provide-usd-102-6-mn-in-guarantees-for-six-solar-plants-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/11\/world-banks-miga-to-provide-usd-102-6-mn-in-guarantees-for-six-solar-plants-in-egypt\/","title":{"rendered":"World Bank\u2019s MIGA to provide USD 102.6 mn in guarantees for six solar plants in Egypt"},"content":{"rendered":"

The World Bank\u2019s Multilateral Investment Guarantee Agency (MIGA) is providing USD 102.6 mn in guarantees for six solar plants in Egypt<\/strong> with a combined production capacity of 250 MW, Renewables Now reports<\/a>. The funding acts as security \u201cagainst the risks of expropriation, transfer restriction and inconvertibility, breach of contract and war and civil disturbance.\u201d Around USD 5 mn will be used to cover IB Vogt\u2019s investment for a 15-year period, while another USD 97.6 mn will be provided to the Industrial and Commercial Bank of China for up to 20 years. Three of the plants covered by MIGA\u2019s financing will be constructed by ACWA Power.<\/p>\n","protected":false},"excerpt":{"rendered":"

The World Bank\u2019s Multilateral Investment Guarantee Agency (MIGA) is providing USD 102.6 mn in guarantees for six solar plants in Egypt with a combined production capacity of 250 MW, Renewables Now reports. The funding acts as security \u201cagainst the risks of expropriation, transfer restriction and inconvertibility, breach of contract and war and civil disturbance.\u201d Around […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-634305","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"93396ac1-fddc-45ba-b8ea-430dc54de806","order":"0","is_powered_by":true,"section_story_id":"97626070-f5cd-412b-a5b9-3c057c08aab8","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634286],"teaser":"","voice_url":""},"yoast_head":"\nWorld Bank\u2019s MIGA to provide USD 102.6 mn in guarantees for six solar plants in Egypt - 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\/2018\/01\/11\/world-banks-miga-to-provide-usd-102-6-mn-in-guarantees-for-six-solar-plants-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank\u2019s MIGA to provide USD 102.6 mn in guarantees for six solar plants in Egypt\" \/>\n<meta property=\"og:description\" content=\"The World Bank\u2019s Multilateral Investment Guarantee Agency (MIGA) is providing USD 102.6 mn in guarantees for six solar plants in Egypt with a combined production capacity of 250 MW, Renewables Now reports. 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The guarantees will go to six consortiums of local and international companies developing 11 solar power plants. This is the first such decision from\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625699,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/13\/egypt-seeks-usd-2-bn-in-funding-for-education-reform\/","url_meta":{"origin":634305,"position":1},"title":"Egypt seeks USD 2 bn in funding for education reform","author":"enterpriseam admin","date":"13 August 2018","format":false,"excerpt":"Egypt seeks USD 2 bn in funding for education reform: The government is apparently holding talks with international development partners for USD 2 bn in new facilities to fund its drive to reform K-12 education in Egypt, according to World Bank documents seen by El Masdar. The documents appear to\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648994,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/19\/scatec-solar-signs-25-year-ppa-for-six-solar-power-plants\/","url_meta":{"origin":634305,"position":2},"title":"Scatec Solar signs 25-year PPA for six solar power plants","author":"enterpriseam admin","date":"19 April 2017","format":false,"excerpt":"Norway\u2019s Scatec Solar signed a 25-year power purchasing agreement with the Electricity Ministry to supply energy from six solar power plants with a combined production capacity of 400 MW, reNEWS reports. Scatec will provide equity of USD 50-70 mn for the USD 450 mn project. Unnamed local developers and KLP\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599043,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/17\/enara-to-build-usd-600-mn-worth-solar-plants-in-egypt\/","url_meta":{"origin":634305,"position":3},"title":"Enara to build USD 600 mn-worth solar plants in Egypt","author":"enterpriseam admin","date":"17 June 2019","format":false,"excerpt":"INVESTMENT WATCH- Enara is planning to build solar plants at a cost of as much as USD 600 mn in El Wadi El Gedeed with a combined capacity of 600 MW, CEO Mohsen Ebeid said. The company has received land from the governorate and is expecting to complete the plants\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":639214,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/24\/ebrd-gcf-fmo-extend-usd-87-mn-loan-to-solar-power-projects-in-egypt\/","url_meta":{"origin":634305,"position":4},"title":"EBRD, GCF, FMO extend USD 87 mn loan to solar power projects in Egypt","author":"enterpriseam admin","date":"24 October 2017","format":false,"excerpt":"And speaking of investment in solar power: The EBRD has partnered with Green Climate Fund (GCF) and Dutch Development Bank FMO to extend a USD 87 mn syndicated facility to Egypt\u2019s Infinity Solar and Germany\u2019s IB Vogt GmbH to fund two solar power plants, a press release says. 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