Egypt has secured a first tranche of financing for an €8 billion plan for power plants to be built by Siemens , according to the Egypt Electricity Ministry.
Egypt has signed a deal with Russia for the latter to construct the country’s first nuclear power plant. The deal will be financed through the extension of an already existing loan agreement between the two countries.
French-based banking group, BNP Paribas , has announced that it will double investment in renewable energy from €6.9 billion ($7.38 billion) to €15 billion ($16 billion) in 2020. It also said that it will no longer finance coal extraction projects.
A consortium led by Ener-G Systems is investing $16.7 million in five landfill gas power generation plants in Johannesburg, South Africa.
The Electricity of Vietnam (EVN) Group has announced that it has divested itself of a number of companies.