AfDB approves loan for 200 MW solar project in Egypt

The African Development Bank has announced that it has sanctioned a loan to support ACWA Power’s 200 MW Kom Ombo solar power project in Egypt. The bank will offer funding of $27.2 million in the form of a senior loan. The total cost of the project is $156.4 million. The European Bank for Reconstruction and Development, the Green Climate Fund Arab Bank, and the OPEC Fund for International Development are the key contributors.

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