• World Bank to help build green renewable energy infrastructure projects in Egypt

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    Besides the pyramids and the camels and the date trees, Egypt will now proudly flaunt some pretty green renewable energy projects in the future, with the World Bank planning to pump in money to help develop infrastructure there. Managing director Mahmoud Mohieldin recently stated that two mega electrical grids will be created, one at the Arabian Peninsula while the other links the electric grids of Egypt, Saudi Arabia, the Sudan and (possibly) Ethiopia together for a supergrid. And it’s not the first time the World Bank has helped Egypt with loans for green energy development. This June, a $220 million loan to develop wind energy sources was sent out with a 270 million investment-loan package to build a massive solar power plant in Egypt.


    With the funding pouring in, we’re sure to see the Arabian world turning towards cleaner and greener energy in future.
    [FastCompany]

    Posted in Topics:Alternative Energy, Tags: , on December 31, 2010