ICBC and EBRD back Acwa’s Egypt solar FIT II
- European Bank for Reconstruction and Development (EBRD)
- ACWA Power
- Chint Group
- Al-Tawakol Electrical Co. (GILA)
- Industrial and Commercial Bank of China (ICBC)
Under the EBRD’s US$ 500 million framework for renewable energy in Egypt, the bank is providing a financing package of US$ 73 million for the construction and operation of three solar photovoltaic power plants in Egypt totaling 120 MW.
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