The London-based EBRD development bank on 23 December announced that it has provisionally agreed to loan “up to” €48.5mn ($54mn) “for the repowering of the existing 50MW Koudia Al Baida wind farm and extension to 100MW.”
Total project cost is €130mn, “with the remaining debt funding being provided by Société Générale, Attijariwafa Bank, Banque Centrale Populaire and Bank of Africa,” the EBRD says. Project approval is slated for 23 February. (CONTINUED - 113 WORDS)