Egypt Signs Preliminary Financing Agreement for $650 Million Solar Project
Egypt signed a preliminary financing agreement with Scatec and three multilateral development banks for a solar project in Qena, the cabinet said Monday.
Egypt has signed a preliminary financing agreement with Norway's Scatec OSL:SCATC and three multilateral development banks for a $650 million solar power project in the southern province of Qena, the cabinet said on Monday.Egypt is scaling up renewable energy projects to reduce its natural gas impo…