EBRD supports Egypt's energy security with US$ 63 million of financing
Egypt, Oct. 29 -- The European Bank for Reconstruction and Development (EBRD) is supporting Egypt's energy transition and industrial decarbonisation with US$ 63 million (€54.7 million) of financing to Dandara Solar Power.This financing will support Dandara Solar Power's construction and operation of a 500 MW solar photovoltaic plant, which will be combined with a 100 MWh battery storage system in the Nagaa Hammadi region that will deliver reliable renewable power to one of the country's largest industrial producers. Developed under the EBRD-led energy pillar of Egypt's Nexus of Water, Food and Energy (NWFE) programme, the Project is also co-financed by the African Development Bank and the European Investment Bank.The financing include...
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