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FINANCIAL NEWS
World Bank lends Egypt $270m
06 Oct 2010
(MENAFN) Egypt’s news agency, Mena, said that Egypt has secured a $270 million loan from the World Bank to finance a solar power plant including a $100 million investment by Clean Technology Fund, associated with the World Bank, and a $170 million loan from the bank, Reuters reported.
Egypt, which has about 25,000 mega watts of power capacity, has experienced repeated outages this year and plans to spend $100-120 billion to triple capacity by 2027.
The Kom Ombo Solar Power Plant, located in southern Egypt, will supply 100 mega watts.
Egypt had previously secured a $600 million loan from the World Bank to help fund the North Giza Power Plant on the outskirts of Cairo. The North Giza plant will supply 1,500 megawatts of electricity.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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