{"id":645771,"date":"2017-07-30T03:55:22","date_gmt":"2017-07-30T03:55:22","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/ifc-approves-usd-635-mn-investment-in-solar-power-park-in-egypt\/"},"modified":"2017-07-30T03:55:22","modified_gmt":"2017-07-30T03:55:22","slug":"ifc-approves-usd-635-mn-investment-in-solar-power-park-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/ifc-approves-usd-635-mn-investment-in-solar-power-park-in-egypt\/","title":{"rendered":"IFC approves USD 635 mn investment in solar power park in Egypt"},"content":{"rendered":"

The International Finance Corporation\u2019s executive board approved a USD 635 mn <\/strong>funding agreement <\/strong>to construct, operate, and maintain as many as 11 solar power plants in Egypt with a combined production capacity of 500 MW, according to an IFC statement<\/a>. The funding agreement \u201cwill be one of the largest private foreign direct investments in the country\u2019s power sector in recent years,\u201d the statement reads. The Investment Ministry had announced<\/a>the funding package last week.<\/p>\n","protected":false},"excerpt":{"rendered":"

The International Finance Corporation\u2019s executive board approved a USD 635 mn funding agreement to construct, operate, and maintain as many as 11 solar power plants in Egypt with a combined production capacity of 500 MW, according to an IFC statement. The funding agreement \u201cwill be one of the largest private foreign direct investments in the […]<\/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":[9285],"tags":[2398,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645771","post","type-post","status-publish","format-standard","hentry","category-diplomacy-foreign-trade","tag-diplomacy-foreign-trade","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"52253474-3118-49c2-9a67-2be8ed36d53e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[645742],"teaser":"","voice_url":""},"yoast_head":"\nIFC approves USD 635 mn investment in solar power park 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\/2017\/07\/30\/ifc-approves-usd-635-mn-investment-in-solar-power-park-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IFC approves USD 635 mn investment in solar power park in Egypt\" \/>\n<meta property=\"og:description\" content=\"The International Finance Corporation\u2019s executive board approved a USD 635 mn funding agreement to construct, operate, and maintain as many as 11 solar power plants in Egypt with a combined production capacity of 500 MW, according to an IFC statement. The funding agreement \u201cwill be one of the largest private foreign direct investments in the […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/ifc-approves-usd-635-mn-investment-in-solar-power-park-in-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-30T03:55:22+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\/07\/30\/ifc-approves-usd-635-mn-investment-in-solar-power-park-in-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/ifc-approves-usd-635-mn-investment-in-solar-power-park-in-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"IFC approves USD 635 mn investment in solar power park in Egypt\",\"datePublished\":\"2017-07-30T03:55:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/ifc-approves-usd-635-mn-investment-in-solar-power-park-in-egypt\/\"},\"wordCount\":83,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"Diplomacy + Foreign Trade\",\"EnterpriseAM\"],\"articleSection\":[\"Diplomacy + Foreign Trade\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/ifc-approves-usd-635-mn-investment-in-solar-power-park-in-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/30\/ifc-approves-usd-635-mn-investment-in-solar-power-park-in-egypt\/\",\"name\":\"IFC approves USD 635 mn investment in solar power park in Egypt - 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The National Bank of Egypt and the International Finance Corporation signed an agreement to increase local funding for solar-powered water pumps in agriculture, according to a statement (pdf). Help from the US,\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645519,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/24\/ifc-pledges-usd-660-mn-to-solar-power-project-in-egypt\/","url_meta":{"origin":645771,"position":2},"title":"IFC pledges USD 660 mn to solar power project in Egypt","author":"enterpriseam admin","date":"24 July 2017","format":false,"excerpt":"IFC pledges USD 660 mn to major solar power project in Egypt: The International Finance Corporation\u2019s executive board signed off last Thursday on a USD 660 mn funding agreement to help finance the USD 730 mn solar power complex in Benban, Aswan, an Investment and International Cooperation Ministry statement said\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":641513,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/25\/ifc-pledges-usd-150-mn-in-investment-in-egypts-agriculture-sector\/","url_meta":{"origin":645771,"position":3},"title":"IFC pledges USD 150 mn in investment in Egypt\u2019s agriculture sector","author":"enterpriseam admin","date":"25 September 2017","format":false,"excerpt":"The International Finance Corporation (IFC) has agreed to invest USD 150 mn in agricultural projects in Egypt in partnership with the private sector, Trade Arabia reports citing a government source. \u201cThe investments aim at developing the country\u2019s nutrition sector, introducing the newest technologies in manufacturing, as well as providing new\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":643112,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/30\/ifc-pledges-usd-100-mn-to-oil-and-gas-projects-in-egypt\/","url_meta":{"origin":645771,"position":4},"title":"IFC pledges USD 100 mn to oil and gas projects in Egypt","author":"enterpriseam admin","date":"30 August 2017","format":false,"excerpt":"IFC pledges USD 100 mn to oil and gas projects in Egypt: The International Finance Corporation has pledged USD 100 mn to oil and gas projects being carried out by major global firms in Egypt, an Investment and International Cooperation Ministry statement says (pdf). This comes as the World Bank\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":577687,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/01\/amea-power-to-kick-off-work-on-1-gw-renewable-energy-plants-after-securing-usd-1-1-bn-in-funding\/","url_meta":{"origin":645771,"position":5},"title":"AMEA Power to kick off work on 1 GW renewable energy plants after securing USD 1.1 bn in funding","author":"enterpriseam admin","date":"1 December 2022","format":false,"excerpt":"AMEA Power gets funding to build 1 GW of renewable energy plants in Egypt: Al Nowais subsidiary AMEA Power has locked in USD 1.1 bn in debt and equity for a 500 MW solar plant and 500 MW wind farm in Egypt, according to a cabinet statement. 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