AfrElec - Africa Power Monitor
Norway's Scatec, Orascom-led consortium acquire land to build $9bn wind power plants
The Egyptian government signed a contract with Norway's Scatec (previously Scatec Solar) and a consortium led by Orascom Construction allocating them land plots to build two wind power plants in Egypt with total investments of $9bn.
Egyptian private lender CIB eyes $50mn loan from EBRD to fund green projects
The Commercial International Bank (CIB) is currently in talks with the European Bank for Reconstruction and Development (EBRD) to secure a $50mn loan as the lender needs to finance green projects in Egypt.
Egypt to cut LNG exports in May over anticipated summer power shortages
Egypt will temporarily halt its LNG exports beginning May in order to combat expected power shortages this summer, the North African country announced.
GE Vernova invests $10.2mn in Xlinks’ Morocco-UK power project
Energy solutions firm GE Vernova (previously GE Grid Solutions) has invested $10.2mn to accelerate delivery and build-out of Xlinks’ Morocco-UK Power Project leveraging its expertise in grid solutions and project management.
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