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FINANCIAL NEWS
Egypt’s local, global banks to finance renewable energy projects at USD3bn
07 Dec 2016
(MENAFN) Thirty global and regional banks are planning to negotiate with renewable energy projects to finance the second phase of the feed-in tariff projects with USD3bn.
Accordingly, the list of banks involves the Intl’ Financing Corp, the European Bank for Reconstruction and Development, the European Investment Bank and others.
In addition, the list also involves English, American, Norwegian and Italian banks, as well as Arab banks, like the National Bank of Egypt, Emirates NBD.
Moreover, all firms in the second feed-in tariff project phase have started talks with financing institutions, noting that firms will offer banks” approval statement in April 2017.
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