Alfanar closes the financing for the landmark 50 MW Solar PV IPP project under the feed-in-tariff (FiT) program Round II in Egypt

This project will be the first in the row of alfanar current pipeline of 800 MW investment projects spread across Europe, East Africa and South Asia, in both solar and wind technologies

Alfanar Company (www.alfanar.com) closed last week the financing for the development, construction, ownership and operation of a 50 MW solar PV plant which will be located in the proposed 1.8-GW Benban solar complex in Egypt's Aswan province and which will be supported by Egypt's FiT program. This project will be…

EBRD and its partners strengthens safety and environmental standards in Egypt's energy sector

For the first time in the southern and eastern Mediterranean (SEMED) region the European Bank for Reconstruction and Development (EBRD) led and arranged a syndicated loan, consisting of a loan facility of up to US$170 million to Advanced Energy Systems SAE (ADES), an independent Egyptian oil services company. As part…