EGYPT> IFC invests $635 million in Egypt’s solar power plants

IFC logo IFC,  an institution that is member of World Bank Group, announced in July 20 to invest $635 million to construct and operate up to 11 solar plants in Egypt. All the plants combined capacity will be 500 Megawatts. This investment is part of the Egypt’s prestigious solar energy plant Feed-In Tariff (FIT) program, totaling $730 million that aims to harness More …

EGYPT > IFC to Inject $20 Million in Hassan Allam Holding

international_finance_corporation_logo International Finance Corporation (IFC) plans to invest $20 MN for equity in Egyptian private construction company, Hassan Allam Holding. The investment will help Hassan Allam Holding to expand its equipment fleet and other construction related facilities as well as take partial ownership stakes in several long-term infrastructure projects in Egypt. It has history of construction of large-scale infrastructure projects such as power More …