IFC and MIGA to support landmark wind farm on Egypt’s Gulf of Suez
Cairo, Egypt, August 8, 2019: IFC and MIGA, members of the World Bank Group, signed an agreement to support the development of a 252-megawatt wind farm by Lekela in Egypt’s Red Sea governorate. IFC will provide $84 million in financing while MIGA will offer $122 million in financial guarantees, helping to bolster the production of…