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Egypt: EBRD considering $60m Infinity Energy investment
The European Bank for Reconstruction and Development (EBRD) has announced that it intends to put a $60m equity investment in Egypt’s Infinity Energy SAE to its board on 27 November. The investment will finance the development, construction and operation of a pipeline of solar PV and onshore wind power projects in Egypt and across the southern and eastern Mediterranean, as well as related businesses, worth a combined $203m.
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