{"id":640930,"date":"2017-09-07T04:06:49","date_gmt":"2017-09-07T04:06:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/afdb-approves-usd-55-mn-loan-for-three-fit-projects\/"},"modified":"2017-09-07T04:06:49","modified_gmt":"2017-09-07T04:06:49","slug":"afdb-approves-usd-55-mn-loan-for-three-fit-projects","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/afdb-approves-usd-55-mn-loan-for-three-fit-projects\/","title":{"rendered":"AfDB approves USD 55 mn loan for three FiT projects"},"content":{"rendered":"<p>The African Development Bank\u2019s (AfDB) board of directors approved on Tuesday three loans totaling USD 55 mn to fund three 50 MW solar power projects in Benban, Aswan, under phase two of the feed-in tariff program, the bank <a href=\"https:\/\/www.afdb.org\/en\/news-and-events\/afdb-approves-us-55-million-including-us-7-million-from-gef-loan-for-three-solar-pv-projects-in-egypt-17303\/\">announced in a statement<\/a>. Alcazar Energy and its subsidiary, Delta for Renewable Energy, will each receive an USD 18 mn loan. India\u2019s Shapoorji Pallonji will receive USD 19 mn in funding, USD 7 mn of which are a concessional financing facility from the Global Environment Fund. Shapoorji has <a href=\"https:\/\/enterprise.press\/stories\/2017\/06\/14\/afdb-plans-to-allocate-usd-40-mn-to-shapoorji-fit-projects\/\">already signed financing agreements<\/a> with the AfDB to fund its US 85 mn project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The African Development Bank\u2019s (AfDB) board of directors approved on Tuesday three loans totaling USD 55 mn to fund three 50 MW solar power projects in Benban, Aswan, under phase two of the feed-in tariff program, the bank announced in a statement. Alcazar Energy and its subsidiary, Delta for Renewable Energy, will each receive an [&hellip;]<\/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":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-640930","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"0d9810e8-ef16-43c2-bcda-d15385216059","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[640897],"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>AfDB approves USD 55 mn loan for three FiT 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\/2017\/09\/07\/afdb-approves-usd-55-mn-loan-for-three-fit-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfDB approves USD 55 mn loan for three FiT projects\" \/>\n<meta property=\"og:description\" content=\"The African Development Bank\u2019s (AfDB) board of directors approved on Tuesday three loans totaling USD 55 mn to fund three 50 MW solar power projects in Benban, Aswan, under phase two of the feed-in tariff program, the bank announced in a statement. Alcazar Energy and its subsidiary, Delta for Renewable Energy, will each receive an [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/afdb-approves-usd-55-mn-loan-for-three-fit-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-09-07T04:06:49+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/afdb-approves-usd-55-mn-loan-for-three-fit-projects\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/afdb-approves-usd-55-mn-loan-for-three-fit-projects\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"AfDB approves USD 55 mn loan for three FiT projects\",\"datePublished\":\"2017-09-07T04:06:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/afdb-approves-usd-55-mn-loan-for-three-fit-projects\/\"},\"wordCount\":105,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/afdb-approves-usd-55-mn-loan-for-three-fit-projects\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/09\/07\/afdb-approves-usd-55-mn-loan-for-three-fit-projects\/\",\"name\":\"AfDB approves USD 55 mn loan for three FiT projects - 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Shapoorji has already signed agreements with AfDB, the IMF, and the Islamic Bank to finance its USD 85 mn\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":656427,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/04\/afdb-backs-hassan-allam-and-acwas-gulf-of-suez-mega-windfarm-with-usd-170-mn-loan\/","url_meta":{"origin":640930,"position":1},"title":"AfDB backs Hassan Allam and ACWA\u2019s Gulf of Suez mega windfarm with USD 170 mn loan","author":"enterpriseam admin","date":"4 December 2024","format":false,"excerpt":"The loan would fund 16.0% of the entire USD 1.1 bn project","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\/2024\/12\/362.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":640930,"position":2},"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. 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