European Bank for Reconstruction and Development

Egypt Flag

Egypt’s largest solar plant, Kom Ombo, receives $114 million

The development of the Kom Ombo solar plant will add 200MW of energy capacity, increasing the share of renewable energy in Egypt’s energy mix and further promoting private-sector participation in the Egyptian power sector.
Tunisia

EBRD finance package to stabilise Tunisia’s electricity provider

The European Bank for Reconstruction and Development (EBRD) is providing $361 million (€300 million) in financing to support the stability of Tunisia’s electricity provider Société Tunisienne de l’Electricité et du Gaz (STEG).
Green Climate Fund

Climate financing up by 28%, finds report

Climate financing by the world’s six largest multilateral development banks (MDBs) rose to a seven-year high of $35.2 billion in 2017, up 28% on the...

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