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Government Of Egypt Announces Project Financing Of $220 Million For Wind Farm Project - Funds Provided to Support the Egyptian Government's Initiative to Explore Wind Resource Potential
GlobalData, Nov 2010, Pages: 7
Government Of Egypt Announces Project Financing Of $220 Million For Wind Farm Project - Funds Provided to Support the Egyptian Government’s Initiative to Explore Wind Resource Potential - Deal Analysis from GlobalData
Summary
The Government of Egypt announces project financing of $220m for the construction and development of a wind farm project to be located in Egypt. The World Bank will lend Cairo $220m to develop the infrastructure required to connect the wind farm to Egypt's National Grid and to support the development of 250 MW Gabel el Zait Wind Project. Out of $220m financed by the World Bank, $150m will be contributed by the United Nation’s Clean Technology Fund (CTF). The project is approved by the World Bank as its low carbon energy commitment in various countries in Middle East and North Africa. Moreover Egypt has an unexplored potential of 99,570 MW for the development of wind plants, where at least 7200 MW could be developed at the Gulf of Suez by the year 2022.
Scope
The scope of the report includes –
- The information related to the Emerging Wind Energy Market in Egypt
- Government Support towards the Wind Energy in Egypt
- Financial Support through World Bank Encourages Wind Market Development in Egypt
- Future Outlook in Egypt
Reasons to buy
The Deal Report attempts to focus on the financing by the World bank for the growth of Wind Power in Egypt. It will allow the reader to:
- Understand the reasons for funding by the World Bank
- Wind Energy Market in Egypt and its overview
- Understand Policies and Incentives designed by the Government of Egypt for development of the Wind Sector
- Assists in understanding the unexplored potential for development of Wind in Egypt and World Bank's intersest in Low Carbon Energy Commitment
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