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Opec Fund delivers record results in 2023 with $1.7bn in development funding

The Opec Fund for International Development, a multilateral development finance institution headquartered in Vienna, Austria, expanded its new commitments to $1.7 billion across 55 projects globally in 2023 ....

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Opec forum discusses forging paths towards sustainable development

Opec forum discusses forging paths towards sustainable development
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Egypt's largest solar plant gets $114 million financing package

Egypt’s largest solar plant gets $114 million financing package
5 hours ago
Top officials during a virtual signing agreement.
The European Bank for Reconstruction and Development (EBRD), the Opec Fund for International Development (the Opec Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF) and Arab Bank recently signed a $114 million financing package with ACWA Power for the construction of the largest private solar plant in Egypt.
The development of the Kom Ombo solar plant will add 200 MW of energy capacity, increasing the share of renewable energy in Egypt’s energy mix and further promoting private-sector participation in the Egyptian power sector. ....

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