In Egypt, Social Fund for Development is studying an option to invest $1.1 billion in the power sector. This was told Amwal Al Ghad media last Sunday by a source close to the fund. The targeted project will be developed in one of the country’s border governorates.

The potential investment falls under the fund’s new investment strategy which consists in injecting funds in significant development projects.

Established in 1991 on presidential decree, SFD is a socio-economic organization which fights unemployment, poverty, improves living standards and help achieve global socio-economic development.

The financing is most welcomed as energy sector is to receive additional 3,000 MW this year.

Gwladys Johnson