Cairo – Mubasher: The International Finance Corporation (IFC) on Sunday said that it has closed a $653 million debt package to install 13 solar power plants in Aswan’s Benban.
The production capacity of this project will reach 752 megawatts, and will provide about 6,000 jobs during construction.
“The 13 solar power plants will join 19 other plants to make up the Benban Solar Park the largest private-sector financing package for a solar photovoltaic facility in the Middle East and North Africa,” the IFC continued.
It is worth mentioning that the central unit of the Nubian Suns Feed-in-Tariff Financing Program has been established, and about 136 consortiums and a firm were formed in the initial phase, which aims at adding 4,300 megawatts of solar and wind power with investments of $6 billion.
On 23 October, the European Bank for Reconstruction and Development (EBRD) announced that it will fund the installation and operation of two 80-megawatt solar power plants in Benban through a joint loan of $87 million.
