Egypt’s power expansion juggernaut continues to gather momentum, with new solar deals adding to a 50GW-plus power projects pipeline. Meanwhile, the government and companies are sounding out the banks.
Egypt has signed agreements for the development of 51.4GW of new electricity generating capacity since a major conference organized to revive foreign investment in the country. At the time Cairo claimed preliminary deals for 30.4GW of capacity worth a combined $43.4bn were signed during the gathering (MEES, 20 March). (CONTINUED - 951 WORDS)