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.
A picture taken on January 3, 2021, shows a general view of Egypt's High Dam in Aswan.
A picture taken on January 3, 2021, shows a general view of Egypt's High Dam in Aswan, some 920 kilometers south of the capital, Cairo. - KHALED DESOUKI/AFP via Getty Images
Adam Lucente headshot (new)
Adam Lucente
@Adam_Lucente

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. 

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