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Country Sector Sovereign / Non-Sovereign Title Commitment in UA Status Signature Date
Multinational Power Sovereign Multinational - Nigeria-Niger-Benin-Burkina Faso Power Interconnection Project 36,500,000 Implementation
Djibouti Power Sovereign Djibouti – Geothermal Exploration Project in the Lake Assal Region 10,740,000 Implementation
Multinational Power Sovereign Multinational - Projet d’interconnexion électrique Cameroun- Tchad (composante Tchad) 27,500,000 Implementation
Madagascar Power Sovereign Madagascar - Etude de faisabilité du projet de renforcement et d'interconnexion des réseaux de transport d'énergie électrique 1,000,000 Implementation
Multinational Power Sovereign Multinational - 225KV Guinea-Mali Electricity Interconnection Project 30,000,000 Implementation
Multinational Power Sovereign Multinational - 225KV Guinea-Mali Electricity Interconnection Project 30,000,000 Implementation
Mali Power Sovereign Mali - Mini Hydropower Plants and Related Distribution Networks Development Project (PDM-Hydro) 20,000,000 Implementation

NEWS

EGYPT: EBRD lends $4.8m for private sector energy transition

CategoryStories
CountryEgypt
TagsFinance and Investment, Renewable Energy, Rural Electrification

The European Bank for Reconstruction and Development (EBRD) is approving a $4.8 million loan for Intro Sustainable Resources (Intro-SR) and Intro Solar. The two companies will use the funds to finance efficiency projects and energy transition in the private sector.

The European Bank for Reconstruction and Development (EBRD) is again supporting sustainable development in Egypt. The financial institution is providing a $4.8 million loan to Intro Sustainable Resources (Intro-SR) and Intro Solar. According to the EBRD, the funding will enable Intro-SR to finance its participation in a portfolio of energy efficiency, waste-to-energy, waste management and solar photovoltaic projects.

This portfolio includes one of the first private-to-private power generation projects in Egypt aimed at promoting resource efficiency. Cairo-based Intro Solar develops, builds and operates solar photovoltaic power plants.

The EBRD is supporting both companies as part of its commitment to Egypt. The London-based bank has increased its investments in Egypt tenfold in recent years. The bank’s main focus is on renewable energy. A few weeks ago, the EBRD participated in the refinancing of six solar power plants of Scatec and Africa50 in the Benban complex.

This was in the context of a green bond whose issuance was also subscribed by the American Development Finance Corporation (DFC), the Dutch Development Finance Corporation (FMO), the German Investment Corporation (DEG) and other private institutional investors.