ACWA Power- Saudi Arabia’s leading energy company has reportedly received a USD 114 million financing package to develop the proposed 200 MW Kom Ombo solar scheme in Egypt from four agencies.
Notably, the EBRD- European Bank for Reconstruction and Development, Green Climate Fund, African Development Bank, OPEC Fund for International Development- OPEC Fund, and the Arab Bank have inked a deal with the ACWA Power to construct one of the largest private solar project in Egypt.