German bank to fund Aswan Dam, construction of solar plant in Egypt
The Aswan Dam provides half of Egypt’s power supply. Egypt is also working to increase its use of solar power.
The Egyptian government has obtained funding to rehabilitate its dam on the Nile River.
Germany’s KfW Development Bank agreed to finance $28.3 million for a rehabilitation project of hydroelectric stations in the Aswan Dam in southern Egypt, Egypt’s Ministry of International Cooperation announced Wednesday in a tweet.
