IFC | Egypt Oil & Gas
UAE’s AMEA to Establish Africa’s Largest Solar, Battery storage project in Egypt
The UAE-based AMEA Power, one of the fastest-growing renewable energy companies in the region, announced it will be building a solar panel and a battery storage project in Aswan. strengthen the resilience of Egypt’s p...
IFC Praises Egypt’s Mining Sector’s Competitiveness
Karim Badawi, the Minister of Petroleum and Mineral Resources, met with Cheick-Oumar Sylla, Regional Director of the International Finance Corporation (IFC), a member of the World Bank Group to discuss cooperation in ...
IFC Reviews Renewable Energy Cooperation with Egypt
Minister of Electricity and Renewable Energy Mahmoud Esmat met with a delegation from the International Finance Corporation (IFC)–the World Bank’s private sector arm. The meeting covered several cooperation files, inc...
EETC, IFC to Establish 600 MW Solar Plant
The Egyptian Electricity Transmission Company (EETC) signed an agreement with the International Finance Corporation (IFC) to establish a 600 MegaWatt (MW) solar power plant west of the Nile, Arab Finance reported. Acc...
Petroleum Ministry, IFC sign an Infrastructure MoU
The Egyptian Ministry of Petroleum signed a memorandum of understanding with the International Finance Corporation (IFC), a member of the World Bank (WB), for financing oil and gas infrastructure projects that support...
Egypt Signs Loan Facility Worth $653M for Solar Plants
The Egyptian government signed 13 agreements with a banking consortium led by the International Finance Corporation (IFC) to fund the construction of 13 solar-power plants with a total capacity of 590 megawatts (MW), ...
Solar Sector Attracts $1.8B in Investments
Egypt’s solar energy sector has garnered $1.8 billion in investments, Amwal Al Ghad reports. Two of the biggest investors are the World Bank’s International Financial Corporation (IFC) and the European Bank of Reconst...
IFC to Invest up to $700M in Renewable Energy Projects
The International Finance Corporation (IFC) plans to invest approximately $700 million in renewable energy projects in Egypt during the current fiscal year, according to its Regional Director, Mouayed Makhlouf, The Na...
