
Egypt will invest 110 billion dollars by 2027 in the production and distribution of electricity with solar electricity figurehead. To do this, Egypt will build on the FATF, the main government authority responsible for facilitating investment and assist international investors in Egypt. Via its structure “One-Stop Shop” which offers investors a single entry point to gain a foothold in Egypt, the FATF is developing services to take advantage of all opportunities in the Egyptian market and its most profitable.
At the same time, the country has thus be given a grant of 100 million dollars from the Global Environment Facility (GEF) * for the construction of a solar power plant with a capacity of 100MW in Kom Ombo, north Aswan. A total cost of about $ 500 million financed by the World Bank and the African Development Bank, the central sun meets the objective of the Egyptian government is to produce 20% of its energy from ‘ renewables in 2020.
Egypt is one of the leading African country in terms of developing clean energy. She is currently developing a solar farm project in partnership with the group Desertec, an output of 150MW and have nearly 2000 sensors. Investments of Egypt in the field of energy designed to support its demand for electricity driven by sustained global economic growth (+4.7% growth in 2009 and +5.8% in Q1 2010).
It should be noted that the Global Environment Facility (GEF) and Global Environment Facility (GEF) is an independent financial organization established in 1991. Bringing together 182 governments, international institutions, NGOs and private partners, the GEF is one of the largest sources of funding for environmental projects worldwide. He participated from countries with economies in transition to finance projects on biodiversity, climate change, international waters, land degradation, the ozone layer and persistent organic pollutants.
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