The European Bank for Reconstruction and Development (EBRD) will extend USD 252 mn in funding to the 250-megawatt West Bakr Wind in Egypt’s Red Sea Governorate, aiming to bolster the production of clean energy, lower generation costs, and diversify the country’s energy mix.

Egypt’s cabinet is approving the establishment of a new power plant in the New Administrative Capital spanning an area of 744,000 square metres, Invest-Gate reports.

Egyptian President Abdel Fattah El Sisi and German Chancellor Angela Merkel inaugurated on March 2 the first phase of Siemens’ new mega power project expected to book power generation capacity by 45%, Invest-Gate reports.

General Electric (GE) has secured more than USD 1.4 bn from Iraq’s Ministry of Electricity to set up power plants as well as provide technology upgrades and maintenance services