Egypt: Round II Solar PV Feed-in Tariffs Program
Project Information
AIIB’s Board of Directors has approved up to USD210 million in debt financing to tap Egypt’s renewable energy potential. This solar power project will increase Egypt’s power generation capacity, reduce the country’s dependence on gas and fuel for electricity generation, and will help the country meet its commitments under the Paris Agreement as it moves toward an environmentally sustainable energy mix.
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We are helping Egypt transform an open desert in Benban into a solar power park to hasten the country's use of renewable energy sources while decreasing the country's dependency on gas and fuel.
