The Kom Ombo plant

The European Bank for Reconstruction and Development(link is external) (EBRD), the OPEC Fund for International Development(link is external) (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund(link is external) (GCF) and Arab Bank today signed a US$ 114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt. The development of the Kom Ombo solar plant will add 200 MW of energy capacity, increasing the share of renewable energy in Egypt’s energy mix…