EBRD and Proparco committed US$ 58 million each for two 50 MW solar PV plants in Egypt.

EBRD and Proparco committed US$ 58 million each for two 50 MW solar PV plants in Egypt.

Egypt has taken a major step forward in its use of renewable energy sources with the support of the European Bank for Reconstruction and Development (EBRD) and Proparco, a French financial institution that supports private sector development projects in emerging economies. The two institutions have together provided US 116 million of financing for the construction […]

Construction of Upper Trishuli-1 HPP in Nepal to begin in Oct 2017.

Construction of Upper Trishuli-1 HPP in Nepal to begin in Oct 2017.

If things go according to plan, construction of 216-megawatt Upper Trishuli-1 hydroelectric project will begin in October next year. Upper Trishuli-1 is a project being developed by Nepal Water and Energy Development Company (NWEDC), a joint venture between three Korean companies, the International Finance Corporation (IFC), the private sector lending arm of the World Bank […]

EBRD, Proparco, DEG to finance Al Rajef wind, Jordan.

EBRD, Proparco, DEG to finance Al Rajef wind, Jordan.

The European Bank for Reconstruction and Development (EBRD), Proparco, and DEG are considering providing some $140 million in debt for the 82MW Al Rajef wind farm in Jordan. The EBRD is considering a loan of up to $67.7 million – half of the project’s required debt, according to a statement on the bank’s website. Al […]