World Bank gives Egypt $270m for power plant

06 October 2010

Egypt has about 25,000 megawatts of power capacity

Egypt has secured $270m from the World Bank to fund a solar power plant, Reuters has reported. The amount includes a $100m investment by the Clean Technology Fund, which is affiliated with the World Bank, and a $170m loan from the bank. Egypt, which has about 25,000 megawatts of power capacity, plans to spend $100bn-$120bn to triple capacity by 2027.

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