Egypt receives $220 million from World Bank to help grow its wind industry

Local press sources report that the World Bank has awarded a loan of $220 million to the Egyptian grid operator for the construction of infrastructures for the evacuation of wind power in the region of Gebel el-Zeit, where the central government plans to install 2,500 MW in the coming years. The Egyptian government and the World Bank have not yet confirmed the deal.

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Egyptian Ministry of Electricity and Energy