K98-1406082 – © – Tolo Balaguer

Acwa Power to Build Major Wind Power Plant in Egypt in $2.3 Billion Deal

Acwa Power, the Saudi renewable energy giant, has announced tthis week hat plans are underway to build, own, and operate a 2-gigawatt (GW) wind power plant in South Hurghada, Egypt. This large-scale facility, which is expected to generate enough electricity to power nearly 2 million homes, is part of the company’s ongoing expansion into the […]

Egypt’s central bank gets around $5.2bn from local banks to address growing economic pressures

The Central Bank of Egypt, (CBE) collected around $5.2 billion (EGP 100 billion from local banks in the weekly open market operations (OMO) as the North African country turns to local, regional and international banks for loans to address growing economic pressures. The CBE data indicate that the funds were raised at a fixed rate […]

Kenya: UK invests $66 million in Malindi’s 52 MW solar project

In Kenya, Commonwealth Development Corporation (CDC Group) has pledged to invest about $67 million in the Malindi solar project. The project with an expected capacity of 52 MWp is developed by Malindi Solar Group, an ad hoc company created by an independent power producer [IPP] in the East Africa nation. Earlier this year Jeremy Hunt, […]