Egypt’s powergen expansion has been given wings by a flurry of new project deals, including both conventional and renewable technologies. Now Egyptian banks are looking at funding, beginning with a big coal project.
Egypt has new power plants under development with a combined capacity of over 4GW, not including temporary capacity being delivered to help prevent blackouts during this summer’s peak demand period. And it has recently lined up preliminary deals for more than 40GW of additional capacity in and around a major development conference in March. (CONTINUED - 865 WORDS)