Browsing: MIGA project Egypt

The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group (WBG), expressed its commitment to support vital development sectors in Egypt, which includes energy and transportation, as well as building on successful partnerships, especially Aswan’s Benban Solar Park project.

Aswan Benban Solar park is a photovoltaic power station with a total capacity of 1650 MWp which corresponds to an annual production of approximately 4TWh of power with the project taunted to prevent two million tonnnes of carbon dioxide emissions a year.

The Commitment by the world bank to support Egypt’s mega project came during a virtual

meeting held on Sunday between MIGA officials and Egypt’s Minister of International Cooperation Rania Al-Mashat to discuss strengthening partnerships with the private sector and developing the transportation and electricity sectors.

Among those who attended the meeting included high-level officials among them Merza Hassan, executive director of the World Bank Group; Ragui …