US’s DFC mulls funding Actis’ acquisition of Egypt’s Gabal El Zeit wind plant

Updated 5/1/2024 9:57:00 AM
US’s DFC mulls funding Actis’ acquisition of Egypt’s Gabal El Zeit wind plant

Arab Finance: The US International Development Finance Corporation (DFC) is probing funding the UK-based Actis’ acquisition of the Gabal El Zeit wind plant in Egypt, Al Borsa News reported, citing data by DFC.

Although the data did not disclose further details, they revealed that the DFC is studying providing insurance against political risks.

On December 5th, 2023, it was reported that the Sovereign Fund of Egypt (TSFE) assigned the consultancy works at Zaafarana and Gabal Zeit wind farms to the Belgian engineering firm Tractebel.

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