President El-Sisi also stressed the importance of international companies and the private sector’s contribution in the fields of oil, gas, and renewable energy, as it aligns with Egypt's aspiration to become a regional hub for oil production and energy trading.
Talks between the authority and Actis began following an announcement by Minister of Planning and Economic Development Hala El Said last month
The debt swap will assist the government’s efforts in meeting its goals of generating 42% of Egypt’s electricity from renewable sources by 2030 by financing investments and projects accelerating the transition
Infinity revealed that a portion of the funds will be directed towards acquiring African renewable energy platform, Lekela Power, through its subsidiary, Infinity Power Holding
The wind farm will help Egypt cut an estimated $5 billion in annual natural gas costs, creating as many as 100k jobs