Egypt attracts vast promises of power sector investment

Issue 297 - 27 Mar 2015
The enormous roster of energy sector investment projects announced at the Egypt Economic Development Conference at Sharm El-Sheikh in mid-March includes a number of firm projects to be funded by the government, and a larger number of independent power projects (IPPs) in gas, coal and renewables, some of which represent firm commitments and others which are much less likely to proceed. The overwhelming question is how the promised developments will be paid for alongside even more ambitious plans for the construction of a new $45bn capital city east of Cairo.

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