IFC Supports Egypt’s RE Sector
Thursday September 21, 2017  Printer Friendly Email this article

The IFC is committed to Egypt’s energy sector and the government’s agenda of promoting private, sector-led renewable energy projects despite its non-participation in the first phase of Egypt’s FiT program.

IFC’s Director for the MENA Region, Mouayed Makhlouf, said some of terms of the first phase of the FiT program were not in line with other programs launched around the world. Thus, IFC came to an agreement with the Ministry of Electricity to not participate in the first phase of the program, reported Daily News Egypt

The lending institution is evaluating how to best support private sector participation in the latest phase launched by the Egyptian government.

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